What a summer it has been! Zander is approaching his 4th birthday and the kid is getting scary big. It is so weird having another man (all be it, a little man) roaming your home. The kid looks like he’s 7 years old; it’s truly scary how fast they grow. Z-Man starts Rowland Hall this week and joins the big boys at school. I feel like college is right around the corner and I challenge myself to slow down and share as many personal moments as possible.
Aria is almost 3 and also starts preschool at the Winner School next week. She’s such a princess, often changing clothes 4 or 5 times in an afternoon just to end up in the Princess Anna dress from the Disney movie Frozen. How insanely different are little girls and little boys wired? So much fun to watch these two.
Speaking of insane… I’m hearing some of the best bond and mortgage interest rate forecasters call for significantly LOWER interest rates in the second half of the year.
And guess what? We are starting to see them. Last week I was able to help a client on a Jumbo No Closing Cost, 30 year fixed at 3.875%, the 15 year jumbo was at 3.375%.
Oddly enough, the jumbo mortgage rates have dropped below what conforming interest rates are at the moment. If you have a loan over $417k, you might want to look into a refinance. I can’t ever remember seeing Jumbo No Closing Cost rates so low.
So what’s the catalyst? Why are rates headed lower?