28 SEPTEMBER 2016 – Despite the Federal Reserve’s recent stance on holding short term interest rates constant, HELOC rates have risen in anticipation (of a rise in short term rates). With AAFMAA Mortgage Services (AMS) you can consolidate your debt into a super-low fixed rate mortgage. Why worry about your payment going up (many HELOCs have no rate ceiling)? Long term rates (15 and 30 year terms) are near all-time lows. This is the time to refinance and secure your long-term rate.
Call us today to explore this option.Tags: adjustable-rate mortgage, equity, fixed-rate mortgage, Florida, HELOC, HELOCs, Home Equity Lines of Credit, military, military mortgage, mortgage savings, North Carolina, prime rate, savings