Interest Rates Plunge After Most Recent Fed Meeting

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We’ve just seen the largest single drop in mortgage interest rates in over a decade – allowing nearly 5 million homeowners to save money on their mortgage. In fact, mortgage refinance applications have reached their highest level in three years, as interest rates plunge in the aftermath of the most recent fed meeting.

What does this mean to you? When the average rate on a 30-year fixed is now close to 4%, it is estimated that 4.9 million borrowers could likely qualify for a refinance and reduce their interest rate by at least 3/4 of a percentage point.

As a lender and mortgage broker, Cornerstone First Financial has the resources available to help you with your mortgage loan needs. Call Cornerstone First now at 202-625-1221 for the absolute lowest rate guaranteed or complete the form below to contact us today: