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Wild and Crazy Year?

January 19, 2021

Apologies to Steve Martin. We were hoping that 2021 would not be as wild and crazy as 2020. Yet the first few days of January was anything but calm. We started with spikes of COVID-19 as holiday gatherings and the cold weather provided ideal conditions for spreading the virus.

2021 mortgage rate



The first trading day of the year, the Dow Jones stock average fell almost 400 points after being down 500 points earlier in the day. We then moved into two hotly contested Georgia Senate races in which control of the Senate lay in the balance. The result we thought was a split Congress which could cause more of the gridlock we witnessed at the end of 2020, but the surprise of the Georgia Senate elections placed us at least somewhat in another direction.

The very next day, in what is usually a perfunctory function of Congress — the tabulation of electoral votes turned into total chaos — with the storming of the Capitol, objections and other forms of challenges. Starting the new year with the National Guard being called out in DC, sounded a lot like 2020. The good news in all this chaos? Interest rates have remained near historic lows which will translate into more opportunities to purchase or refinance real estate this winter. Hopefully, rates will hold close to where they are—but again, thus far it has been a wild and crazy year.

Source: Origination Pro

Is your New Year resolution to buy a house, or lower your existing mortgage rate? Call Amerimutual Mortgage in Astoria, Queens NY for some friendly advice on what your best options are for a home loan, investment property loan, or commercial space for your wholesale or retail business.

718-943-9200

Queens Mortgage Broker
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Backed by a long history of integrity and driven by a commitment to enrich the community of Astoria Queens and the surrounding neighborhoods of Queens, Brooklyn, NYC and Long Island, AMERIMUTUAL Mortgage is family-owned and operated local business that is proud to make a difference by matching home buyers with the right mortgage products for their needs.

As a respected leader in the NYC, New York lending business, AMERIMUTUAL has been successful in revolutionizing the industry one mortgage at a time. Our company values are grounded in the principles of honesty and fair dealing.  For you, this means responsible lending with reasonable fees and you can enjoy a worry-free lending experience from a local Astoria, NY business you can trust.

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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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