Why You Should Refi Before November

If you’ve been checking mortgage news, you might have seen headlines about a “controversial refinance tax” put in place by the Federal Reserve, which was temporarily stalled. This tax will raise interest rates across the board for most mortgage lenders / brokers, but they decided to delay said tax; now, it will go into effect at end-of-October. So what does this mean for your home finance?


It means there’s a tight timeline on securing all-time low rates, while they last! Keep in mind - rates might never dip this low again, since COVID-19 helped them get here.


In many ways, these rates are a perfect storm of global events and stimulus from the Federal Reserve (AKA “the Fed”).


Instead of waiting for September and October to pass, why not start the refinance / home purchase process now? You’d do well to check rates every day, if possible, and you can do so 24/7 at ProspectQuote.com. It requires no personal contact info, and it’s mobile-friendly too.


We have dedicated and knowledgeable Loan Officers available M-F during regular business hours. Just call: 858-605-0952. We’re more than happy to assist, or just talk mortgages with you.


Thanks, and stay safe out there!


Jason Vondrak


Prospect Home Finance

875 Garnet Avenue

San Diego, CA 92109

NMLS: 349089 | BRE: 01837707

Jason Vondrak has been in the mortgage industry since 2004 and co-founded the mortgage brokerage Prospect Home Finance in 2006 in San Diego, California. Today he serves as President and CEO of Prospect Home Finance and the president and founder of Prospect Property Group, a real estate development company, established in 2012.


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