If you are looking to purchase a new home or refinance in 2016, the news is good!

Mortgage Rates are still low.

Mortgage rates haven’t moved much in the past few years and have stayed between 3% and 4% for a 30-year fixed-rate mortgage. Steady rates have helped home buyers, particularly first-time home buyers, afford the American dream.

According to NAR, 2016 is expected to be a seller’s market as home prices nationwide have increased in recent months. This trend means, if you’re house hunting, be prepared to act fast when you find your perfect home.

Realtor.com predicts that mortgage rates could reach 4.65% by the end of the year, even though they’re currently just under 4%.


The millennial generation, born between 1980 and 2000, are becoming a much bigger part of the buying market. They are realizing the stability of a fixed rate payment vs. the rising rent prices each year.

Right Choice Mortgage has down payment options as low as 3% and we want to encourage first time home buyers to realize they can buy a house today, not some day.

Low down payment programs make homeownership possible for many renters. The first step is to get qualified and see what works for your budget and credit situation.

Boomerang Buyers

Boomerang buyers had a credit situation such as a foreclosure, short sale or bankruptcy and are re-entering the housing market.

According to a Transunion study, nearly 700,000 boomerang buyers are expected to re-enter the housing market in 2016.


The rules are loosening up as to how long you have to wait after one of these credit events.


Right Choice Mortgage has an extensive lender network, and we find the best possible solutions, even on tougher deals, and the mortgage rates are still great!

If you’re a boomerang buyer and thinking of getting a home this year, questions you will be asked are:

Is your credit history back on track?

Is your recent payment history good for the last couple years?

What was the circumstance of your situation?


One our happy clients:


“I couldn’t believe it! After talking with multiple lenders and getting declined by all of them, I came across Jackie at Right Choice Mortgage. Our family had purchased many rental properties and during the housing crash they were all upside down. I made the decision to short sale 4 of them and 2 of them were foreclosed on. When I wanted to refinance my home’s 6.5% interest rate, no one wanted to help me. Jackie was able to get my rate down to 4.5% and I’m now saving $420 a month”



Mortgage rates are at all-time lows, which can be so beneficial to lower your monthly payments.

Those interested in refinancing still have time in 2016, to take advantage of the Home Affordable Refinance Program (HARP). According to Fannie Mae, more than 2 million American households saved money by refinancing to more stable loans with lower interest rates under the federal program. This year is probably the last year that homeowners can take advantage of HARP.  Many people heard NO in the past, and never tried again. Others think the program is too good to be true. It’s worth a 10 minute phone call to see if you can qualify for this amazing program.

Baby Boomers

Options for boomers:  You can stay in your home and refinance, downsize into a smaller home or make life really simple and become an empty-nest renter. For many aging Americans, homeownership can be expensive and require a significant investment for upgrades and maintenance. Another challenge some boomers face is the status of their health and their level of mobility in order to maintain the upkeep of their home.

Key factors for seniors trying to decide whether to buy or rent this year depend on cash-flow needs and home prices and annual rent in their community. Other considerations include annual rent hikes; savings and investment growth; and costs for home maintenance, property taxes and insurance coverage.


Wondering what is the BEST Mortgage Rate?

Work with a mortgage professional that tracks mortgage rates with mortgage backed securities, with the best bond analysts in the market. Jackie at Right Choice Mortgage gets up to the minute updates, to make sure you get the best rate and lock in on the right day. In an ever changing market, our service provides clients with the ability to capitalize on limited time opportunities and potentially save thousands.

Get in touch with Jackie and she can show you the details and sign you up for daily updates.