Questions About the Economy?

Questions About the Economy?     Hello , As a mortgage professional I'm often asked my opinion on the economy and its impact on new and existing mortgages. The good news is that, on the whole, the economic outlook for the future is strong. Unemployment numbers continue to decline with companies investing in infrastructure as well as hiring. Additionally, the stock market - a good bell weather for future growth - remains high and strong. But, what does this mean for the current homeowner or the first time homebuyer? Mortgage rates remain historically low even as the Federal Reserve scales back its monthly purchase of bonds. If you've put off refinancing, now is the time to do so. A lower rate combined with a shorter term could provide you with significant savings. Conversely, home values in most markets have rebounded. This means, if you're looking to sell, you're in a better position to recoup your investment. If you're looking to buy - while there are still some bargains to be had - you'll find a more stable market with realistic prices that make it easier to get that much needed loan. The outlook for the economy is good and the housing market is bouncing back. While home values and interest rates have fluctuated throughout history, the bottom line is that a home is still among the best investments you can make. Don't be put off by the naysayers. Keep in mind that every mortgage is unique and that there are an array of FHA and conventional products available to meet the many needs of both homebuyers and homeowners. Let's talk soon about your individual situation and take advantage of this improving economic climate.               Justin Petruzziello   Branch Managing Director   NMLS# 216884   Direct: 732-330-7749 Office: 848-480-2354 jpetruzziello@rhfunding.com www.rhfunding.com/jpetruzziello   This is not a commitment to lend. All rates, fees and loan terms are subject to a formal loan application, credit risk, appraisal evaluation and other lending criteria. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply. NMLS# 34973. New Jersey Licensed by the NJ Department of Banking and Insurance - License # 9964632 325 W. Water Street, Ste. 2W Toms River, NJ 08753 Copyright 2016 Residential Home Funding. All rights reserved. Unsubscribe.