Rates are up, but they are still ridiculously low.

Written by Michael A. Foote, CMB on . Posted in Uncategorized

There is a saying that you can’t catch a falling knife? Well I can catch a falling knife, but I think the point is that you can’t time a low..in anything. low stock price, low car price, low home price, and low interest rates in general. And even if you could, how would you know that you got THE lowest rate? You wouldn’t because there is always someone else who could shave a few bucks here and there. My point is this, the market is still very exciting and if you already refinanced to a rate under 4% you probably wouldn’t need to refinance again. If you are buying rates are still amazing, and you shouldn’t let the news telling you rates have spiked to hinder your decision.

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