I would bet many people did not realize that the Federal reserve raised their rate by a 1/4% back in December 2015. That was the first time the Fed raised their key lending rate in nine years. A funny thing has happened since the start of 2016, mortgage rates have actually declined about 1/4%. The main reason rates have gone down is because the stock market has come down a lot since January 1st. Many time when the stock market goes down it brings the interest rates down also. That is a economic lesson in itself. The bottom line is that it is a perfect time to refinance with a mortgage broker in Rocklin if you purchased your home from 2009 to 2012 with a FHA loan. It is a great time for these people because their property values have gone up a lot and now they have a good amount of equity.
It is also a good time to refinance for people who took out loans from 2003 to 2006 who had not had enough equity in the past to refinance. Your property values in the Rocklin and Roseville areas have gone up to a level where you can probably refinance again.
My name is Gordon and I am good at figuring out what your home will appraise for. If you would like to see if your home appraises high enough to refinance and how much money you will save every month, then please call me at 916-261-2381. Last year I told people that they should hurry and refinance because rates are going up. They went up for a few months then peaked and now they have gone down again. Mortgage rates are just like gas prices. They do not stay low forever so if you need cash out of your house or you just want to lower your payments then please get ahold of me.