“Interest Rates WILL be going Lower!”
Our renovation project will be completed in about a month, is it time for us to begin the refinance process? I am sure that we have built up a lot of equity and the goal is the refinance and stop the mortgage insurance meter, especially since it is not deductible on our income tax.
Let me know what you think and when we should plan on getting together. As always, thank you
I am seeing the signs that tell me we are moving into a recessionary period in our economy. I know it doesn’t feel like it to most of us, but I also see the bright side. I believe that Interest rates will be much lower.
Over time the stock market will go lower. I have begun selling some of my stock portfolio and over time will be adding to my bond portfolio. Keep in mind, stocks go lower, bonds go higher, and rates go lower.
Most prognosticators over the last couple of years have predicted that mortgage rates will be in the 5’s or higher. I have no clue what crystal ball they were looking at, but that has not happened or is going to, anytime soon.
What is your crystal ball telling you?
Subscribe to my blog via Email:
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.