You know a funny thing has happened here in the early part of 2014. Everyone thought interest rates were going up…but they didn’t, yet.
Then everyone thought that housing prices could not continue their recovery. But they have.
So what we have now is rising prices and gently falling rates. What does it mean? It means that if you put less than 20% down on a home that you bought in the last couple of years you may be able to control getting rid of your Private Mortgage Insurance or PMI.
It’s what they call a win-win!
You drop your rate…
You cut out your pmi…
You move on with the rest of your mortgage being $100s cheaper every month.
Do the math…and act fast before rates rise and values slow, or drop.
