FED'S CUT HALF A POINT!!! Usually this means that long term rates take a hit, which we did have an intra day re-price of about .125% in rate. With the market the way it is, it is very important if you're in the market for a refinance to a 30yr fixed that you have your application in. If you're looking to refinance into an ARM it is not so bad as it was previously due to the short term rate dropping by 1.25% in the last couple weeks alone. If you're in 2nd mortgage that is fixed you may want to look at Home Equity Lines of Credit as the rate are very favorable.
www.ApprovingAZ.com Get your application in so I can lock your rate as well
Ricky Khamis, CMPS
Sr. Mortgage Consultant
Certified Mortgage Planning Specialist
On Q Financial
1820 East Ray Road, Suite A101
Chandler, AZ 85225
888-929-CMPS (2677) Toll Free
480-305-6282 Direct Fax
NMLS 173141 | LO-0911814 | CA-DOC173141
Branch Manager | Corporate Office
Arizona and California CE Instructor
AMERIFIRST FINANCIAL, INC.
1550 E. McKellips Rd, Suite 117
Mesa, AZ 85203
Amerifirst Financial Disclosure- The opinions expressed here are the personal opinions of Ricky Khamis. Content published here is not read or approved by Amerifirst Financial before it is posted and does not necessarily represent the views and opinions of Amerifirst Financial.