Market Update – Q4 2014

Overall, we have seen interest rates tick down a bit in the last couple months. The Fed, while completing their quantitative easing, has indicated that they see no reason to start raising short term rates. The global economy is struggling and many investors are buying our treasury securities which drives our bond prices higher and yields down. We all know that rates will go up at some point, but right now it appears that we are in for a decent run of low rates. We may even see fixed rates drop below 4%. Let’s keep our fingers crossed.

Now is the perfect time to buy a house or refinance a loan you already have. As we’ve discussed this may be a perfect time to combine your 1st loan with your HELOC to lock down a good fixed rate or hybrid ARM. If you have an ARM that is nearing it’s first adjustment, this might be a great time to re-write that loan into another 5/1 or 7/1 ARM or a 30 year fixed rate.

Mortgage rates won’t stay down forever. Take advantage now.


CPC Mortgage was founded in 1986 by Ed Cree and John Patterson. We are a full service mortgage broker offering competitive rates and programs on conventional conforming and jumbo loans, FHA, VA and reverse mortgages. Over the years we’ve arranged financing on over 6,000 loans totaling just under $2 billion. The backbone of our business for over 28 years has been to advise our clients as if it was our own money. We have never spent money on mass market advertising, relying instead on referrals from real estate agents and former clients. If you treat people right, they will come back and they will tell their friends. We’re proud of our track record and will continue to stress customer service to all of our clients.

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