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Friday, August 16, 2019

Interests rates are at their lowest since 2016, here's what one local Fort Thomas broker says to do

A stately Fort Thomas home was just featured on the Fort Thomas Matters Home Walking Tour. 

The market has been volatile lately with stocks fluctuating and people looking for safety in the bond market.

While many of those indicators can seem overwhelming, local Entrust Mortgage broker and Fort Thomas resident, Lee Witte, has one takeaway: interest rates are at their lowest levels since 2016.

“It’s amazing how many people will shop for cars, clothing, insurance but they won’t shop their mortgage,” he said.


Witte said that consumers should be shopping their rate, but according to a new survey by Fannie Mae, one-third of them are not. He said the interest rate drop last week meant that 8.2 million 30-year mortgage holders could likely qualify for a refinance and save at least 0.75% off of their current interest rate by doing so.

"I pride myself on my ability to not only connect with the consumer and gain their trust but also provide them with the quality service they deserve. Purchasing a home is one of the largest transactions a person may ever be involved in so it’s important to make sure you are choosing an expert in that industry," said Witte.

There are multiple reasons consumers may look to refinance their mortgage like lowering their interest rate, shortening their term, pull cash out for home improvement projects or to consolidate debt.

If you are in the market to purchase a home or would like a Free Mortgage Refinance Analysis contact Lee Witte at 859-380-5674, or email lee@entrustmtg.com. He's an independent broker, meaning that he can shop a multitude of banks and rates to get you the best deal.

For additional information, visit https://www.entrustmtg.com/lee.

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