Why You Should Lock Your Loan Today!

Average interest rates above 4 percent choke off mortgage refinancing boom

Homeowners who didn't refinance their mortgages when interest rates were below 4 percent may be out of luck for quite a while.

Banks had been processing big batches of refis earlier this year when the average rate fell below 3.6 percent. But they'll be writing fewer home loans now as rates above 4 percent choke off the refi business.  

To read more on this topic please click here.

There is still time for homeowners to refinance. 

Contact The Easterbrook Team Today!

Patty Aguon

(916) 833-5063

Patty.Aguon@spmc.com

Licensed- NMLS # 994635

John Easterbrook
(916) 224-7653
John.Easterbrook@spmc.com
Licensed – NMLS # 226555

Read more here: http://www.sacbee.com/news/business/real-estate-news/article28493770.html#storylink=cpy