Rates dropped again this morning to shockingly low levels not seen since early 2013. A lack of inflation, falling oil prices, weak economies, stock sell-offs, and other factors are all working together to push rates to amazingly low levels.
This will affect turn-times at lenders everywhere as no lender was prepared for a surge in refi volume, as this type of rate-reduction was 100% unexpected.
Fortunately, at JVM, we have multiple funding sources that we can access to ensure we always maintain service levels and meet turn-times.
Everyone with a rate above 4% should consider refinancing.
Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646
