Mortgage Rates Drop Unexpectedly- Mortgage interest rates are holding near the all-time lows!
“If you weren't able to capitalize on the low mortgage rates last fall the opportunity is now back for the taking”¯ says Kevin Francis, a Residential Mortgage Banker with Cornerstone Mortgage in Fort Collins.
According to Mortgage News Daily, Mortgage interest rates have dropped so low that many of the large banks have been caught off guard after recently laying off large amounts of staff.
“When other lenders get backed up from too many new applications they may raise their rates to slow down the incoming applications. That is where Cornerstone Mortgage can step in and really help people”¯ says Francis “We have seen a wonderful opportunity to take people's amortization down without the shock to the payment that generally comes with those loans. For those that are happy with their mortgage, we have been helping them improve cash flow by getting rid of their monthly mortgage insurance. The bottom line is that all people need to check to make sure they have their best case scenario right now because it could save them hundreds per month and tens of thousands in interest over the life of the loan”¯ Kevin can be reached at 970-213-1372 or by e-mail at KFrancis@HouseLoan.com or visit his website at www.KevinFrancisMortgage.com. Cornerstone Mortgage was founded in 1988 and is a full service mortgage banker offering residential purchase and refinance loans.