The July 2020 mortgage refinance prospect counts have been updated. The 30-year fixed interest rate mortgage has set a new record low four weeks in a row in June. It now sits at 3.42% according to a survey of prominent lenders at the beginning of July – a new low record!
On April 29th the Federal Reserve claimed to keep mortgage rates low for months to come.
Our mortgage refinance prospect lists contain homeowners with high interest rates or adjustable rate mortgages, as well as the financial motivations that drive action. As interest rates drop, our algorithm qualifies more homeowners with high interest rates to be on our list. Needless to say, now is the time to reach out to these prospects.