The best time to secure or refinance a mortgage is when the rates are the lowest. Compare the National Mortgage Rate average over the past 10 -20 years. If the rate is at one of its lowest points historically, then it can be a safe entry point into the market. But rates change, all the time, as influenced by the Federal Reserve and the desire to keep the economy stable. If the Federal Reserve decides that consumers need to spend and borrow, interest rates will remain low. However, if the Federal Reserve decides that it needs consumers to save, invest, and deposit money, the interest rates will remain high. No matter when you enter the market, it always makes sense to explore options. When banks and lenders compete for your business, you win.
Each state has unique and different Licensing requirements for the origination of residential mortgage loans within its borders. For information on our (or our preferred partner) license in the state you reside in, or the state where you are considering residential loan services, select from the list below: