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Q: Where Are Interest Rates Headed in 2021?

Here’s what you can expect from the mortgage world in 2021.

Today I’m joined by Brian Prahl of Palmetto Mortgage Group to give a 2021 interest rate forecast and talk about the refinance savings you can take advantage of. Brian says the mortgage industry has been crazy lately, but in a good way. COVID obviously caused a lot of chaos early in the year, but rates have dropped to historic lows. Therefore, Brian’s been handling a lot of refinances for homeowners and helping others upgrade their housing situation in light of their changed living circumstances.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:

0:37—Recapping a great year for the mortgage industry

1:44—Why rates should remain low throughout 2021

2:33—Why now is a great time to refinance

3:36—How a 1% difference in rates can impact your mortgage

4:27—Why working with a local mortgage company is your best option

5:49—Wrapping things up

If you have more mortgage questions for Brian, you can check out Palmetto Mortgage Group’s website or call him at (803) 348-0975. If you have any real estate questions for me, feel free to call or email me anytime. I’m here to help.

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