Empower Home Lending
We always want to take a proactive approach to supporting you as you consider home purchasing options. The note below is a great example of the many relationships that we have with professionals that support you, our clients. Please let us know if we can help you to connect with Chris Fewell and his team at Empower Home Lending!
“I am sure you have seen mortgage rates have been on the rise. The average rate for 30 year fixed mortgage is around +/- 5.25% currently. Its very likely that we will see 6% rates in the near future. Reasons include the Fed unloading mortgage backed securities, 10 year treasury note gains and uncertainty related to ongoing geo-political news, including the war in Ukraine. Additionally, pre-approvals from just a few months ago will most likely require re-evaluation. These conditions are combining to create an extended outlook for increased costs associated with home loans. All of this signals a need to act sooner rather than later to secure a lower rate for your home purchase loans. If you have any questions, I am always available to help. I look forward to speaking with you soon!”
Chris Fewell, Residential Branch Manager, NMLS# 874171