Groundhog Day Rates!

If you follow mortgage rates daily…like I do, then you might have noticed we have been in a “Goundhog Day” market for quite some time! If you are too young to understand the reference, I encourage you to see the Bill Murray movie, “Ground Hog Day”. Or just look for it on your favorite search engine…I guarantee after reading the plot, you will grasp my analogy! So while we are waiting for conventional mortgage rates to fall, the question becomes, “Should we wait at all?!” With less people willing to put their home on the market, and most people waiting for a lower rate to make an offer, then why not be the person who buys now and refinances later. If you are the only person making an offer, you are in a stronger position to negotiate a lower price for the home you want. It might even be enough savings to offset the current interest rate you will be subject too today! Call me to discuss this line of action and we will get you qualified right now! Mitchell Mortgage can help you work around the current “Groundhog Day” rates for conventional financing. If your needs are for a Reverse Mortgage, we will handle that, and FHA, VA and private money. Looking forward to helping you navigate the current market, but gotta go now…I think I just saw my shadow! Michael Mitchell, Mitchell Mortgage, 707-337-5970 mobile, 530-406-2200 & 707-259-1117 landlines.