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Interest Rates are Dropping-Clients Can Buy More House

October 28th, 2014 4:37 PM by Jennifer Sheil

Great news for homebuyers! Interest rates are dropping and that means you can show your clients more house for the same monthly payment. The chart below shows that a 1% difference in interest rate can equate to a $40,000 difference in purchase price. This week, fixed rates have dropped below 4%. This creates an opportunity to reach back out to your clients, revisit their monthly mortgage payment target and back into a higher price range. Moving up in price range may be the answer to a client on the fence. 

Our team at Queen City Mortgage is always ready to help your clients fulfill their dreams and get the most for their dollars spent. When you combine our vast experience and exceptional service with the low interest rates and closing costs that we are able to offer, we are a great value to your clients. Change is hard and sometimes you need a reason:

  • maybe you need better service and on time closings 
  • maybe it's better communication or
  • more variety to offer your clients

Whatever the reason, make today the day you decide to recommend a new partner. We would be glad to set up a quick overview/meeting with you or your team to discuss. Think Queen City Mortgage when your clients ask for lenders that can deliver rate AND service. 

contact us today to let us know how we can help you.

Posted by Jennifer Sheil on October 28th, 2014 4:37 PM