Poor Economic News Favor Mortgage Interest Rates

January 27, 2016

 

Last week the talking heads on cable news declared early January as one of the worst beginnings to a year for the stock market.  Investors were frantically selling as it dipped lower and lower.  It has since stabilized but it still has many people worried.  For us in the mortgage and real estate industry, a dip in the market like that helps tremendously.  When the stock market dips, mortgage interest rates follow; allowing us to provide low rates on our mortgage products.  These low rates allow the average consumer and homebuyer to afford that dream home they have been saving for. When the Fed raised rates in December, there was some real concern of its effect on the housing market.  Four weeks into 2016 and in the short term our rates are still low and competitive. 

 

Helping people find their home and provide that sense of accomplishment that comes with owning a home is why I do what I do.  Regardless of market conditions, people will still want to be able to buy a home.  The American Dream is still very real to many families.  Having low rates and mortgage products to help a new family and first time homebuyers is a special opportunity that I relish. 

 

-Your Mortgage Coach Zach

740-398-4917

zach.williams@yourstatebank.com

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O: 614-602-3646

C: 740-398-4917

 

NMLS

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Contact

 zach.williams@yourstatebank.com

State Bank

4080 W Dublin-Granville Rd

Dublin, OH 43017

The State Bank and Trust Co. and its loan officers, are not liable for information, claims or agreements made by/between the public and third-party entities. These third-party entities may include, but are not limited to: builders, developers, or real estate agents. Even though the loan officer co-sponsoring this site makes efforts to update the information contained, much of it is provided by independent vendors and data feeds, and thus, this site may contain errors, outdated information or purchase conditions, promotions, incentives and/or possible omissions. The State Bank and Trust cannot guarantee the accuracy of information provided, and we encourage buyers to complete their own due diligence in making a decision to build or purchase a home. We also suggest that you seek the professional representation/advice of a licensed Realtor®, as well as any other licensed professional that is appropriate to your purchase decision, including, but not limited to: attorney, accountant, or certified financial planner. Visitors to this site are responsible for the use and decisions made regarding the purchase of a home with regards to the information contained herein. The State Bank and Trust Co. is an Equal Housing Lender. 


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