The Powell Group Real Estate Show
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Episode 16: News Flash- Mortgage Rates have hit INSANE lows today! It's time to refi or purchase-NOW!

March 4th, 2020

The Fed caught everyone off guard yesterday with their half point rate cut. We have seen 30 year mortgages locked in today on primary residences in the mid-2 point range, non-owner occupied (investor) between 3.25-3.50% and a 15 year primary residence locked in at 2.25%. We don't remember ever seeing anything like thins in the last 16 years. If you don't have a lender to call, we are happy to refer you to the ones we know have the most aggressive rates and lowest cost.