Cubs Win! Mortgage Rates Drop!

Cubs Win! Mortgage Rates Drop! | by Jim Catalano

Who would have guessed the Chicago Cubs would have won the world series. Well, Michael Lee, the then-California resident’s senior quote in his 1993 high school yearbook offered a prediction that came true Wednesday when the Cubs defeated the Cleveland Indians to win their first World Series since 1908. Congratulations to the Cubs and to Mike Lee on a stellar prediction!

Cubs prediction back in 1993.

Though much less dramatic, who would have predicted the Feds would not raise the Fed Funds Rate on Wednesday resulting in mortgage rates edging lower.

I guess we might want to ask Mike Lee what to expect next in mortgage rates. If you are considering purchasing a new home or refinancing it’s a very good time to get an interest rate in the low 3s.

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