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 bankrate.com, 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
Steven Hannigan

Stablecoins – Not so Stable?

Cryptocurrency continues to make headlines, just not in the way we have become familiar with in the last year. As volatility in crypto assets has shown no signs of abating, crypto investors looked for other avenues to have exposure to a digital currency that could be more stable… enter Stablecoins. […]

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twitter-sale
Investor Education
Steven Hannigan

5 Things you Need to Know About Elon Musk Buying Twitter

The whole world is buzzing, or tweeting, about Twitter as the recent news that Tesla CEO Elon Musk tendered a $44 Billion offer to buy the company, and the board of directors accepted the offer. So what happened, what happens next, and what happens to shareholders? First, let’s define a few key terms: […]

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Investor Education
Brooke Snyder

Did the Rams or Crypto Win the Super Bowl?

If you were one of the 112.3 million viewers of the Super Bowl on Sunday, you more than likely saw at least one of the four crypto related commercials. While some voted Larry David’s “Don’t Miss Out” commercial for FTX as the “best” commercial, others were left confused by the estimated $14 million […]

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