Most experts predict mortgage interest rates will decrease around April/May 2024. When rates come down, they will be about 1.5% to 2% lower than they currently are (6-7%). Those who took out a mortgage in the past two years may consider refinancing to take advantage of the lower interest rates. This could save them hundreds of dollars on their monthly payments. As a result, many borrowers are expected to rush to take advantage of this opportunity, so our team at Indigo Mortgage has developed a new strategy to ensure you are first in line. It’s called the Rate Tracker. With it, you can beat the initial rush by joining an application queue. When your desired rate threshold becomes available, we will jump back into your queued application and lock in your new loan with a better rate. It’ll help remove stress from the process, and the best part is that if the rate drops before closing, we will honor that lower rate.

Next year, when the interest rates drop, many out-of-state lenders will start sending promotional messages to borrowers. But why take a risk with these lenders when you have the trusted services of Indigo Mortgage, one of the top lenders in New Mexico, for over 20 years? If you’re interested in a Rate Tracker, call us today to discuss how we can help you.