Do It NOW.

I’m a little apprehensive to post this because it’s kind of illusory.

These are what we call “par” rates, meaning no overhead or margins are worked into the rate (so unless you have a lender that is interested in working for free or has no expenses, these would be possible). Still, the chart, as a comparison, is a good indicator of where rates have been historically relative to where they are now.

And believe me this cannot last. When we come out of this Virus madness, give it a couple of years and rates are going to skyrocket. I see no way they can’t.

“Then I’ll just wait then”. The problem with that is you don’t know what the future holds either. What if your job disappears? What if lenders modify eligibility (as they have been doing)? If you qualify now, I beg you to consider refinancing.