Mortgage Rates Move Lower To Year Low

Mortgage Rates Move Lower And Hit 2019 Low After FED News

Gustan Cho Associates are mortgage brokers licensed in 48 states

This Article Is About Mortgage Rates Move Lower And Hit 2019 Low After FED News 

Mortgage Rates Move Lower And Hit 2019 Low After FED News today. Mortgage Rates Move Lower today hitting an all-time low for 2019. This is great news for both home buyers and homeowners thinking of refinancing their mortgages. Mortgage Interest Rates have been steadily dropping since the beginning of the year. After the Federal Reserve Board announced that the FED will not increase rates for the remaining of the year, mortgage rates have been sliding. Mortgage rates dropped to 4.23% from 4.34%. This dramatic drop took rates to a 52 week low.

Refinancing To Lower Rate Home LoansRefinancing To Lower Rate Home Loans

Gustan Cho Associates expects lower mortgage rates for 2019.

VA And FHA Streamline Refinance Mortgage Guidelines

With Mortgage Rates Move Lower, borrowers can take advantage of the no-cost VA and FHA Streamline Refinance.

  • VA and FHA are the only two loan programs that allow the fast track streamline refinance loan program
  • Borrowers who closed on their VA and/or FHA Loans in 2018 with high mortgage rates may want to take advantage of a streamline refinance at lower rates
  • There is no home appraisal or income documents required on streamline refinances
  • Credit scores will determine mortgage interest rates
  • The higher the credit scores, the lower the mortgage rates

Most streamlines close in 21 days or less. Borrowers often get to skip 2 months mortgage payments after closing on a VA and/or FHA Streamline Refinance. 

Do You Meet Net Tangible Benefit Test?Do You Meet Net Tangible Benefit Test?

Borrowers cannot do a rate and term refinance unless they meet the net tangible benefit test. In order for a lender to do a rate and term refinance, borrowers need to benefit from the refinance or they cannot do it. Contact us at Gustan Cho Associates at NEXA Mortgage, LLC at 800-900-8569 to see if you can benefit from the lower mortgage rates available today. Or text us for faster response. You can also email us at We are available 7 days a week, evenings, weekends, and holidays.

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