LIVERMORE LOAN GUY

Looks like interest rates are inching up a little,  this will likely continue into 2021 & beyond according to many mortgage themed publications with staff writers in the know.

In an article from Kiplngers.com published on Jan 8 2021 the first paragraph tells the whole story

“The yield on the 10-year Treasury note just got an extra boost with the Democrats’ win in the Georgia Senate races. With razor-thin control of the Senate, plus the House of Representatives and the White House, Democrats are in a position to pass more stimulus legislation, such as $2,000 payments to individuals and aid to state and local governments. This boost to economic growth tends to push up interest rates as, as the demand for funds grows and inflation possibly ticks up, as well. But larger budget deficits will also raise rates, as the supply of government debt offered to investors grows. The 10-year rate is currently at 1.1%. Expect it to rise to near 2% by the end of the year.”

I have personally seen increases of 1/8 of a point on loans I quoted last month.

If you have been thinking of refinancing but have put it off that is not a wise course of action at this point as the scenario only gets worse as time goes on. 

Please call me today for a no obligation consultation

James Stafford

CELL 925-787-1744