Online Mortgage Portal Receives Spike in Refinance Applications after the Fed Cut Rates

Share Article receives hundreds of online enquires to get into a fixed rate despite the interest rate drop.

Over the last week, after the Federal Reserve cut interest rates by 0.5 percentage points, received an increase in online enquires and phone calls about how this will affect the home loan market. Despite the Federal Reserve's intentions of alleviating the "sub-prime" home loan chaos through the rate cut mortgage rates continued to increase.

"The most common thing we see is people that have adjustable rate mortgages worried about their interest rate increasing and affecting their ability to meet their monthly loan payment," explains Scott Olson, COO at, "the best advice our loan consultants give is to look into re-financing their existing home loan from an ARM to a safer fixed rate."

In addition to an increase in online mortgage applications,, also saw a jump in several debt consolidation enquiries on their online form at

"Although we advise consumers to get into a safer fixed rate not everyone qualifies," says Alexander Capio, Owner and CEO of "This is why we often steer our online home loan shoppers into repairing or establishing their credit." Alex also explained how the expansion into Auto Finance, Student Loan, and Debt Consolidation has proven successful for many people who needed a better FICO score to qualify for a better interest rate on their home loans. is a privately owned online advertising company working with lenders and consumers. Borrowers can get help with their loans by visiting and completing the short application. Lenders interested in the free listing or finding out more about's premium services should visit or call toll-free (888) 278-4792.


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Evan Pickens

Evan Pickens
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