• Michael Belfor

Fed Rate Cut Does Not Equal Lower Mortgage Rates

You have probably heard that the Federal Reserve, also known as the Fed, has cut interest rates to ZERO on the Fed Funds Rate. There is a big difference between the Fed Funds Rate, which can change day-to-day, and a Mortgage Rate, that can stay in place for 30-years. Mortgage Rates are normally based on Mortgage-Backed Securities, which have done very well, bringing Mortgage Rates towards historically low levels. But recently, the turmoil in the financial markets has caused Mortgage Rates to rise a bit, even though the Fed has cut its rate. I believe that there may be an even bigger opportunity to consolidate your debts, reduce years on your mortgage, and create wealth…all by keeping or reducing your current monthly payment. Contact me so I can review your unique situation.

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                © 2020 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Licensed by the Dept. of Business Oversight under the CRMLA. CA DRE #01215943. NMLS 1850. Equal Housing Opportunity.