From Our Blog:

Quick PSA: Mortgage Rates

Yesterday the Federal Reserve cut the federal funds rate by .50%, bringing it to a range of 1-1.25%. This was done in an effort to stay ahead of the potential disruptions and economic slow-down created by the Coronavirus (COVID-19). While the virus has had a mostly negative impact on the stock market, it has given us a bright spot – lower interest rates.

Typically, in times of market weakness, investors favor safer investments – like bonds. As bond purchases increase, interest rates decline, which has a direct effect on mortgage rates.

The Fed Cut and Your Mortgage Rate

Lower rates are great if you are looking to get a mortgage, or if you are able to refinance an existing one. According to, we are seeing 15-year and 30-year mortgage rates as low as 2.875% and 3.25%, respectively (depending on your credit score).

We wanted to take this time to make you aware, as now is a great time to talk to your mortgage broker about potentially refinancing.

As always, if you have any questions, please do not hesitate to contact us!

Investor Education
Brooke Peterson

CARES Act Reminder: RMD Rollbacks

The CARES Act was passed back in late March to provide economic relief during the Coronavirus pandemic. An important piece of the initial legislation was the waiver of required minimum distributions (RMD) for 2020. The initial legislation did not include relief for those who had already taken a portion or the full RMD prior to […]

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Investment Strategy
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The Fed’s Pandemic Promise

Though we are still in the midst of the COVID-19 pandemic, financial markets are now in a much different place than they were just three months ago. After one of the sharpest declines in U.S. stock market history, the S&P 500 rallied in the second quarter. As states began to reopen […]

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Investor Education
Steven Hannigan

What You Can do with that 529 Refund

As Coronavirus spread through the United States, what should have been the spring semester for college students was suddenly upended. In many cases students were told to pack up and leave as campuses were closed, and in nearly every college, classes were either canceled or moved online. The world really turned upside […]

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