Rates are like the waves, Down and Up

Now that the meteorological season has turned to fall, its not only the weather that is changing, it’s also the economy.  With tropical storms and hurricanes forming in the Caribbean, it seems our interest rate market is forming their own cyclones.

At the beginning of last week, I was able to offer the lowest rates I have given on a 30 year fixed rate since 2013…..3.5%.  I contacted as many clients as I could to take advantage of rates plummeting like a rock.  It was also a good time to refinance because kids are back to school and I can get peoples attention.  That’s no easy feat from July 4th through Labor Day because people have vacations and kids prepare to go back to school.  That’s along with everything else we deal with on a daily basis.  So the timing was perfect for a period of extended low interest rates…