The Federal Reserve yesterday confirmed their support for the Mortgage Market and announced their plan to continue the purchase of $85 billion worth of bonds per month. That sounds nice and fancy, but what does it mean for you? It means that interest rates on mortgage loans have decreased, and in turn, you can potentially save some serious cash on your home financing.
Is now the time to stop renting and purchase a home? Maybe. According to real-estate data provider Trulia Inc., buying a home can save you an average of 28% on your monthly payment. If you already own your home and haven’t refinanced recently, now is the time to start the process.
If you have questions about your potential savings, give us a call. We’ll walk you through the process and make it unusually simple for you to save.