The Federal Reserve recently cut interest rates by half a percentage point, and this could be a big deal for anyone with a mortgage, credit card debt, or those looking to buy a new home.
In this video, we break down what this rate cut means for you:
Mortgage Refinancing: If you locked in at a higher rate, refinancing now could save you thousands over the life of your loan.
Debt Consolidation: If you have credit card debt, rolling it into a lower-interest mortgage could drastically reduce your interest costs.
Homebuyers: With lower rates, your borrowing power increases, potentially helping you afford more house for the same monthly payment.
Now is the time to act—mortgage rates may fluctuate, but this rate cut is a sign of lower borrowing costs ahead. We explain the potential savings and why now might be the perfect time to take action.
For more details, visit our website:
Erin Griffin Team
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🌐 https://www.eringriffinteam.com
📧 team@eringriffinteam.com
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Disclaimers:
This video is for informational purposes only. Consult a mortgage advisor for advice specific to your situation.
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