One Lender thinks Interest Rates are going up soon -- maybe 2%.8/9/2018
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Subject: Mortgage Rates on the Rise – Now’s the time to buy!
From: "Sandra Smith" <firstname.lastname@example.org>
Date: Wed, August 08, 2018 3:50 pm
Bloomberg and Jamie Dimon, JPMorgan Chase and Co. CEO, announced that mortgage rates should be 1% higher, and could be 2% higher soon. Mortgage rates follow the 10-year note closely. Today, the 10-year note is at 2.93%.
On Q’s average loan amount is $275K. At that loan amount, borrowers will save $349/month, which is close to $4K/year. Buying a home today could save you $40K over the next decade.
Rates are going up due to the rising economy and increasing job market. Those who buy today will benefit from a lower mortgage payment while their earnings rise.
Contact me today to discuss what the benefits of owning a home would look like for your client’s situation.
Monthly payment savings example is based on a 30 year fixed Conventional mortgage loan of $275,000 with 3.5% down. Savings estimated is based on current interest rate of 4.625% vs increased interest rate of 6.625%. Monthly payment comparison is used for information and educational purposes only and does not depict any actual loan.
On Q Financial, Inc. is an Equal Housing Lender, NMLS 5645 | AZ-BK 0906866 | ONQ0807180681Y000004BU79
On Q Financial
NMLS #200651 | GA #25361 FL # LO7942
NC # I-176422 | | AL-200651
On Q Financial, Inc. is an Equal Housing Lender. Rates and fees are subject to change. Loan approval is subject to applicant's qualification for a loan program. On Q Financial does not guarantee that each applicant will receive a loan. NMLS#5645.
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On Q Financial - 3015 Windward Plaza Suite 450, Alpharetta, GA 30005