Los Angeles, CA (PRWEB) September 19, 2013
Cortez Johnson, a leading mortgage broker in Los Angeles, is advising those planning on taking out a loan to lock in a favorable rate sooner rather than later. While it is possible that rates may dip once more, the industry as a whole is looking at a long-term trend of increasing rates.
“The mortgage rate market has been rather volatile over the last several months,” says Johnson, who has over a decade’s worth of experience in the mortgage industry and offers a wide range of loan programs, including FHA loans. “Los Angeles homebuyers and owners should seriously consider locking in the best rate they can find now. While it’s not possible to predict with a certainty when and for how many percentage points rates will rise, the consensus in the industry is that the movement is definitely trending upwards this year.”
“The Federal Reserve is expected to cut back on bond-buying,” he adds, “and this is definitely going to have an impact on mortgage rates. It may not be the best time to wait out the market, especially if you need to make a move soon.”
For those in the market for mortgage loans, Los Angeles’ Cortez Johnson’s programs currently include conventional purchase and refinance loans (up to $625,000), conventional jumbo loans (up to $2.5 million), FHA refinance (up to $729,500), VA loans, and more. “Due to the growing complexity of the mortgage industry and the programs available, we offer a free consultation,” he says. “Our goal is to help you to understand what your options are.”
For more information on his services and to learn more about the loan process and the different loan programs available, visit http://www.LoansByCortez.com or schedule a consultation with Cortez Johnson directly.