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Refinancing as easy as 1 – 2 – 3!

Ok, we are good but we are not that good. Perennial Funding has made refinancing your home simple by breaking it down to seven easy steps.

Click here to learn more!

There has been a lot of talk lately about the economy, more specifically about how the mortgage rates are affecting the housing market. With the recent government shutdown, you may have even read some stuff about a term called Quantitative Easing. Not sure what that means? Don’t worry, we’ll break it down for you. First, the housing market has been a big force behind our economy for a lot of years, and recognizing that the government has decided to purchase mortgage backed securities which allow government agencies such as Fannie Mae, Freddie Mac, and FHA to continue to insure mortgage loans. This is why we have been able to offer you such low rates on mortgage loans. Well, back in June of 2013, the Fed came out and stated they will begin tapering off of the purchases and as a result the rates skyrocketed. Well, the market went crazy, and rates skyrocketed. After seeing the impact, the Fed changed their minds and decided not to slow down the purchasing of these bonds. The result… low mortgage rates… at least for now.

What does this mean to you? Simple, if you have not yet refinanced, you should and you should do it now. If you are looking to buy, now is the time. The difference to you between where rates were just a few months ago (and potentially a few months from now) can literally be hundreds of dollars per month in your housing payment or hundreds of thousands of dollars over a 30 year mortgage. They say good things come to those who wait, in this case if you wait any longer you may miss the boat!

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Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

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*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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