If you’re in the home loan market to purchase or refinance, the Federal Reserve has probably been on your mind lately. Rates have sat at record lows for the better part of a decade. With the Fed tracking for at least two more rate increases in 2016, and more in the coming years, it’s important for you to begin the home buying process as soon as you can. Our staff here at Fellowship Home Loans has undergone extensive training on the home mortgage process from start to finish. It’s our belief that the best home loan deals are to be had in 2016. That means working hard to get you great rates and affordable payments, and it’s part of our lending mission. Part of why we’ve been so successful is because we’re able to lock in low rates. We care, and we can help connect with with the honest advice you need to get you the best home loans.
Some good news coming from Main Street: People are quitting their jobs at the highest rates since the recession! Why is this good? It means that they’re likely frustrated by the conditions of their current workplace, so much so that they’re willing to quit and find a better job (likely with better pay and benefits). This signals to us that employee confidence in the labor market is improving. Across the country minimum wages are on the rise. Broader increases in spending power historically mean that inflation will begin trending upward as well. We think that the further improvement in the labor market combined with increasing 10-year Treasury bonds will almost certainly mean higher home loan borrowing costs.
Our mission here is to get you the honest advice on home loans that you deserve, combined with the best rates we can find. If you want to know more about how refinancing now could improve your financial position in the future, call or message us now. We’re here to help. If you’re new to the home loan market, reach out and we’ll get you on the path to achieving your home ownership dreams. Those of you looking to sell that starter home and get your family in a better position for the future, we’re here to help with that too! Our mortgage lending practices are guided by our principles, and we are committed to helping you achieve financial freedom and your home ownership dreams.