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Has the Low Interest Rate Ship Sailed?

SS QE3 Low Rates on Wisconsin Home Mortgages

The Fed’s economic stimulus effort known as “QE3″* is pulling into port for good this month. In other words, the economy has stabilized to the point where the Fed believes our “free market” should once again reign.

As the stimulus stops, the question becomes—what will happen to rates?

The general expectation is that rates will rise, but change will also depend on the economy, world events, and many factors yet to be seen.

Tomorrow may be uncertain, but today is not. Rates are still low. For you, that could mean the possibility of:

• Locking in a low payment to purchase or refinance.
• Getting rid of mortgage insurance.
• Cutting years off your loan without a higher payment.
• Accessing cash for improvements, college or a wedding.
• Consolidating debts with just one payment.

If you would like to discuss options as they relate to your situation or if you know of someone who may benefit from a consultation, please reach out using the information below.

*QE3 refers to the Federal Reserve’s third round of Quantitative Easing, an economic stimulus effort.

Contact our team if you have questions or for a completely free consult.

Home values are still on the rise

The map below illustrates housing price gains during the second quarter of 2014.

The appreciation figures shown are derived from the Federal Housing Finance Administration (FHFA) All Transactions Data and compiled by and used with the permission of Estate of Mind, Inc. Appreciation will vary from year to year, can decline, and for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.

The appreciation figures shown are derived from the Federal Housing Finance Administration (FHFA) All Transactions Data and compiled by and used with the permission of Estate of Mind, Inc. Appreciation will vary from year to year, can decline, and for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.

What might ongoing appreciation mean for you? 

  • More opportunity for owners considering a sale
  • More loans eligible for refinancing
  • Possible savings on mortgage insurance
  • Greater comfort for buyers

We hope you have found this information helpful. Please know we welcome your questions and are happy to help in any way we can. Contact us with any questions.