Are you looking to purchase a home in the next 1-24 months? Are you also wondering if mortgage rates are going to decrease, so you can afford to purchase a home?
Solution: Buy a home now with an ARM (Adjustable Rate Mortgage) loan program with a rate lower by 1%+ versus 30 year fixed rate loans.
Example: 5.75% on 5/1 ARM, 5.812% APR, with no points is available with 20% down payment, $766,550 loan amount or less, 740+ FICO in Los Angeles & surrounding counties. Loans to $1 mil. are .125% higher rate.
When 30 year fixed rates drop by .50-1.50% in the next 16-24 months, refinance to a lower rate & longer term mortgage. Supporting info below. has provided valuable info about interest rate projections. See full article and graphic here.
In general, our Federal Reserve Bank predicts the Fed Funds rate to decrease accordingly:
  • Currently between 5.25% – 5.50% as of 5/7/24
  • 4.70% by end of 2024
  • 4.10% by end of 2025
  • 3.10% by end of 2026
  • 2.90% by end of 2027
Recent review on Yelp:
“Dan the Man for Mortgages: great customer service, professional, this is the way if you want to save on your mortgage payments.” -Oscar S.