The Military Home Programs' Blog

There's a lot of speculation that the Treasury may take steps to massively lower rates on a 30-year mortgage. News headlines are using numbers like 4.5% (which might be a bit optimistic).

If the Treasury meets its goals, VA rates will drop down as well. We saw them drop early in November when the Fed announced it would be buying mortgage-backed securities. That is essentially what the Treasury is now proposing, and it would have a similar effect. Rates probably won't go as low as 4.5%, but a refinance to something like 5.5% (with zero or close to zero cost) is very conceivable.

Per Ken Bates of Military Home Programs, “There is one danger with an opportunity like this. Last time rates dropped significantly they bottomed out for only 36 hours and then reversed higher. Being ready to act is important, especially if everyone floods the system at the same time.”

So how do you ensure you and your family don’t miss out on the lowest interest rate possible? By finding and working with mortgage professionals like those at Military Home Programs who understand your family’s financial goals and can include you in a “Rate Watch” program.

A trusted mortgage advisor is essential in providing you with realistic options, not the 'advertised' numbers you see on the internet or in the piles of junk mail. Always work with a lender who has a Rate Watch program that includes knowing where you stand, what your options are, and most importantly - where you'd like to be. If rates reach that level - even if it's just for a couple hours – you can be locked in and on your way to a lower and more affordable interest rate! To sign up for Military Home Program's Rate Watch Program, email us at: Info@MilitaryHomePrograms.com or call 619-422-5900.  Call Today - It's FREE and will give you that peace of mind you deserve!