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The Home Stretch

December 15, 2020

This is the home stretch for 2020 and also, we hope, the home stretch for the COVID nightmare which has afflicted the world in 2020. For us, 2021 cannot come quickly enough. Nor can deliveries of vaccines. We are reminded that even though these vaccines will hopefully mark the end of this nightmare, there will be plenty of challenges to overcome in 2021. First and foremost, will be the spike in cases we are experiencing because of colder weather and holiday gatherings. Once again, our medical facilities are overloaded and strained.

USA-Employment-report

Overcoming the virus will be only one of the challenges we face in 2021. There are millions of jobs that still need to be recovered. Some industries will need help with their recoveries—especially in the transportation and entertainment segments. Many think that this pandemic will change the way we do business in the future and it will even change how and where we work and live. So, while we are glad to see 2020 go, we understand turning the calendar does not give us a clean slate.

Fueled by record low interest rates, we have mentioned throughout the second half of the year that real estate has led us out of recession in 2020. Many are expecting interest rates to rise in 2021 as the economy continues to recover. However, with all the challenges that we will be facing next year, it is not expected that rates will rise so steeply that the real estate sector will be adversely affected. To the contrary, latent demand is expected to continue to fuel real estate activity in 2021. As long as rates stay low, we hope that this sector can continue to help the economy to recover in the months to come. We need that spark to help us meet the challenges which we will face in 2021.

Source: Origination Pro

Searching for today’s current mortgage rate? Call Amerimutual Mortgage, your local source for new purchase home loans, refinance mortgage, and commercial property loans in Astoria, Queens NY. Call now for a fast, friendly conversation on which loan product is best for your needs.

718-943-9200

Queens Mortgage Broker

Amerimutual Mortgage is an esteemed mortgage brokerage located in Queens NY and serving NYC, Bronx, Long Island, Brooklyn, Staten Island and Westchester.

(NMLS# 148447) Address: 18-33 41st Street, 2nd Floor, Astoria, NY 11105   Tel: (718) 943-9200   Fax: (718) 204 – 0657

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Testimonials

Eli N

Benny and Phil were great to work with! they assisted us in every aspect of the process even when it wasn’t their job. They explained every step and guided/advised us on the best course of action. Their fees were more than fair and their integrity was at a level far above ANY lawyer or mortgage broker we have ever dealt with.

Joe D.

Philip Loria made the mortgage process quick and easy, and also found ways to save us money. He was always on top of things, very accessible, and his communication is top notch. I will recommend Philip Loria and Amerimutual Mortgage highly to any of my friends, family or colleagues.

Joe D. Long Island, NY
Ninfa Brusca

Philip and Benny Loria were very knowledgeable and professional. They exceeded all our expectations and were a pleasure to work with. They were both were just genuinely nice guys. They listened to all our concerns and did everything in their power to accommodate our needs and make feel comfortable throughout the whole mortgage process. I recommend Amerimutual Mortgage to anyone who is looking for a mortgage.

Ninfa Brusca Tuckahoe, NY
Lenny P., Occupation: Real Estate Development

Richard, I wanted to thank you for all your help and hard work. I am so glad our refinance was a success. You were very diligent and dedicated to getting me the best rate possible. I truly enjoyed working with you and will recommend your services to all our friends and family.

Lenny P., Rye, New York
Nick Tsatsaronis

Philip Loria, assisted me with my refinance. Thank you so much for all of your time and hard work. You made refinancing my house easy and stress free. I wouldn’t recommend anyone else. I will definitely use Amerimutual Mortgage for any future needs, and recommend them to anyone who needs a mortgage.

Nick Tsatsaronis Flushing, NY
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