Anyone thinking about a mortgage or a refinance has been watching what the housing market is doing and that includes tracking interest rates to find the best time to secure their financing. It is always important to work closely with a lender that you trust who can interpret what is happening all around you and help educate you on what is influencing the market. Through breaking down and understanding market trends, we’re able to help our clients make the best decisions for their financial future. 


Last month West Coast Mortgage Group saw the largest shift in adjustable-rate mortgages which dropped below 4% and have remained in that spot. Adjustable-rate mortgages, also referred to as ARM, are mortgages whose interest rate varies throughout the lifetime of the loan.


Factors such as job recovery, the high housing demand and low inventory have lit the housing market on fire in 2021. We are anticipating that interest rates will maintain where they are for the next couple of months before possibly heading back up later this year. Housing markets like San Diego have seen growth both in mortgages and refinances that we are watching first time home buyers increase, as well as people who have owned homes for years, deciding that it is time to refinance and take advantage of low interest rates.


Taking advantage of low rates is always great lending advice but at West Coast Mortgage Group we take it a step further because we really want our clients to understand how current interest rates impact their financial bottom line. The best way to learn how the current rates can impact your current mortgage for a refinance, or learn if now is the best time for you to secure the home loan you’ve been thinking about, is to ask us directly. Each client has different financial goals and trying to lump everyone into one category never works out for all borrowers which is why we take the time to learn about you, your goals, and custom tailor financing to achieve those goals.


When you work with West Coast Mortgage Group, you aren’t just working with a great team; you’re also investing in the local community. We care about social responsibility and continuing our efforts to improve the quality of life for our neighbors.


What questions about mortgages or refinancing do you have? Message us or give us a call!

(916) 453-7533

NMLS #5084


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Published On: September 7th, 2021Categories: Blog

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