4 Reasons to Lock in Fixed Mortgage Rates Now

If you have been thinking about buying a home or refinancing, this is a good time to lock in a fixed mortgage rate for the years ahead. Let’s go over a couple of reasons why.

How To Lock in Fixed Mortgage Rates?

Mortgage rates are still very low. The biggest reason to lock in mortgage rates at the moment is that the opportunity exists to get low rates and keep them. Even though there have been plenty of ups and downs over the past few months, the overall rates landscape has been a friendly one for home buyers and homeowners.
There is no guarantee rates will stay this low. The next reason to consider locking in a low mortgage rate at this time is that there is no guarantee this opportunity will last. At least temporarily, we will probably continue to see an increase in employment since most states are in the process of reopening. When employment goes up, rates tend to go up as well—thus the recent rise in rates. That situation may turn around again in the future as we encounter future spikes in coronavirus cases which force more periods of layoffs and furloughs. But as it is difficult to predict what sorts of ups and downs we can expect, if you can save money now by refinancing with little to no closing costs or find a great home you should lock in your savings now.
You can lower your expenses if you lock in today’s rates. Another advantage to locking in low mortgage rates in Seattle right now is that it will help trim your budget if you have had a dip in income because of coronavirus. By locking in a lower interest rate and payment as soon as possible, you will ensure that your future payments will be more manageable.
We have no idea what the long term has in store for us. When you have a low fixed mortgage rate, you have one less thing to be uncertain about.

Lock in a Low Fixed Rate Now

Don’t expect rate to go down any further and don’t until rate rise and your chance for savings is gone. To buy or refinance at a low fixed rate now, please give us a call at (206) 352-6453 to schedule your Seattle mortgage consultation.

Amanda Wolff

18:45 11 Apr 23

Mike Peacore is the most helpful person I have ever met. We were first time home buyers in 2020 and Mike talked us through everything. He would send us a document and instead of us reading through it alone, he would call us and go through it together. Every step was so easy with Mike. When we were confused about anything or had questions Mike was there with an answer or the connections to find the answer. AND...This week 3 years after we bought our home, we had questions about our escrow and property taxes. We called Mike and a problem we dealt with for over a year was settled in a few hours because Mike is that good. He is kind, helpful, resourceful, and even gave me a recipe when I told him I liked to bake but am newly GF. He is just an amazing person, and your home buying experience will be smooth sailing if you use Mike at Blue Square Mortgage.

Dylan Mehrer

16:10 16 Mar 23

Mike guided me through the process of buying my first home, and made it easy. He was able to share his knowledge in a way that was easily understandable for someone like me who didn't know where to start.

Bill T

03:59 23 Feb 23

Stellar customer service..!! Mike is professional, very responsive and thorough. Thank you for a job well done!

Megan Maner

14:14 01 Feb 23

Mike was very knowledgeable and kind about the homebuying process. He slows down and communicates such a complex process in a way that the average person can understand. Home Buying can be very stressful, but with Mike helping you a lot of that stress is taken away! Highly Recommend his services :)

MA Hubbard

19:41 30 Aug 22

Mike with Blue Square, a really great communicator, ushered us through a long process to qualify for a mortgage loan and we couldn’t be happier with the outcome and his responsiveness and patience. Thank you Mike!

Jason McGriff

21:59 26 Aug 22

Mike is 100% the person you want to go too for your mortgage needs. I had a tough lending situation and he did not stop working on my case until he was able to resolve my lending requirements. He will dig in and research for the best mortgage options for your specific situation and needs. I love to work with someone like Mike. He really put forth time and effort as if he was getting himself a mortgage. 5 stars for Mike all day.

Kevin Thruelsen

21:50 18 Aug 22

I've worked extensively with Mike for years now, first as an aspiring loan officer, now as a new homeowner. In no uncertain terms, the experience and savings Mike passes on to borrowers is unparalleled. He's a one stop shop w/decades of experience which allow him to craft not only the right product for your situation, but package it such that it gets through underwriting quickly and smoothly. This is the guy you want on your team, believe me.

Emily Wing

23:00 05 Aug 22

We refinanced our mortgage with Mike and recommend him highly! He found us by far the best rate around, and walked us through every step of the process in a friendly and accessible manner. He explained things to us when needed, and was always thinking a step ahead to make sure the process went smoothly and there were no surprises. We feel lucky to have worked with him. Thank you, Mike!

Edrienne Chan

03:49 08 Jun 22

Mike was super helpful in my quest for more understanding of real estate investment. Extremely informing and really wanted to educate. He listened well, and although my needs cannot be met at this lender, he was still happy to help. Very grateful to have given him a call

Kim Meyer

19:17 19 May 22

I have worked with Mike as a lender for several years. Our partnership with buyers, Mike as the lender and myself as the REALTOR are 100% successful and the buyers are consistently thrilled with results. Mike works hard to get the best rate possible for the buyers, helps educate everyone on market knowledge and helps make the process go smoothly from start to closing. The buyers that I work with appreciate having as much market information as possible - I find this is a great approach to helping buyers feel confident to find the best home for their housing needs/wants. I look forward to many more successful transactions with Mike!

Anton Cauthorn

01:41 14 May 22

Mike did an amazing job helping me set up a loan to purchase my home. Mike had a personal touch and it felt like I had someone on my team helping me the entire time. He got me a lower rate than the other lenders I was looking at going through and he made the whole process simple and easy. The best part was that we ran into a number of complications along the way and Mike worked hared to find solutions every time to make things work out smoothly. I highly recommend Mike and feel lucky to have found him to work with on my loan.

Danny Yang

17:51 11 May 22

I had a smooth experience with Mike as a first time homebuyer. He walked me through the process and explained everything and made sure I understood it all. Made the entire process a lot easier and less intimidating than I thought it was going to be.

Dan Hoffman

00:51 11 May 22

Mike helped me close on a very complicated loan and I would gladly use him again. He went above and beyond to guide us through the process and made sure I was informed every step of the way. If you work with Blue Square Mortgage you will receive as much assistance and guidance as you like up to and through closing. Thanks for your help Mike!

Martin Monteblanco

02:56 11 Apr 22

Mike was super helpful with the process of buying our first home .Definitely recommend for any first time home buyers .

Lucio Maldonado

23:05 21 Mar 22

Mike was excellent and extremely professional. I did not end up going with him, as he told me candidly when he could not beat a competitor's rate, and therefore told me to go with the competitor. Very refreshing. Thanks a lot, Mike.

Kathy Hattori

22:14 03 Dec 21

This is our second time working with Mike and we could not be happier. Mike is personable, ethical, professional and absolutely knows his stuff. We had a wish list for our refinance (lower payments and interest rate plus funds to renovate) and he accomplished everything we wanted so we're thrilled. Mike's a treasure. Work with him.

Kristin Gardner

17:35 03 Dec 21

Mike is an extremely professional and knowledgeable person to work with. He has assisted me in several different scenarios and because of his help I have been able to make an informed and beneficial decision. I cannot recommend working with him enough! He is thorough and quick with his work and utilized excellent resources to get the best results and answers for his customers. We will definitely be return and repeat customers.

Megan King

19:20 22 Nov 21

We are looking into refinancing our home due to rising interest rates and reached out to Mike. We initially reached out based on the great Google reviews and Blue Square Mortgage's proximity to our home. I submitted an online inquiry and Mike got back to me quickly with an email. His honestly and transparency and wealth of knowledge were an invaluable resource and I truly appreciate the time that he took to talk to me about my refinancing options. If you are looking for a mortgage professional who will make you feel secure and help you understand the process with most likely your biggest investment call Blue Square Mortgage.

Kristen Weber

19:35 17 Nov 21

I could not be happier with the rate and service that we got from Mike Peacore. He is super straight forward and gave us the best rates. He is very responsive and personable. I would highly recommend him.

Rosemary Le

06:51 23 Oct 21

As a first time home buyer, I really appreciate how transparent and patient Mike was. Even before he knew that I would choose him as my mortgage broker, he was willing to walk me through every single aspect of the home buying process and let me know what to expect from other brokers/lenders. I specifically told him to give me all the details, keep track of all of the milestones/deadlines, and provide frequent reminders. At first the information he provided was a little overwhelming, but he understood that I would ask a lot of the same questions down the road. The process went very smooth and even on signing day he offered to be there in person with me since my realtor was on vacation. In summary, I really appreciated the transparency, how he was never pushy for my service or if he needed anything from me, the clear and detailed information he provided, and the friendly and patient service that I received.

Emelie Montgomery-Jones

17:11 29 Sep 21

Mike, thank you so much for guiding me through the process of refinancing my investment property. I certainly would have been lost without you. If the situation arises, I will highly recommend you to others. Your expertise, advice and timely communication kept my anxiety levels low. I am extremely happy with the outcome.Sincerely,Emelie MJ

Stefan Muehleis

18:26 17 Sep 21

I refinanced with Mike and everything went very fast, smooth and flawless.Not to mention that I got the best rate out there. Excellent job!!!

Leon Liu

22:40 03 Jun 21

Mike helped us to close a refinance process effectively:- Mike identified a good program for our rental property. We managed the entire process remotely.- Refinance closing was fast. Faster than our new purchase loan earlier this year.- Great communication, very responsive and accurate.- Would recommend to friends and work with Mike again.

Mark Kilcup

23:43 26 Jan 21

Duncan Wray was an absolute professional to work with during this process. They had a super competitive rate and were able to work with the VA on my refi. I recommend Duncan and his team!

Scott Matlock

23:01 23 Dec 20

Max at Team Blue Square was extremely helpful and positive during my entire refinance process. We had a few hurdles along the way, but he was always positive and super responsive to all of my questions. Not only did he lock me in at a great rate, but I was continually impressed by his knowledge and accommodating attitude. He was a true professional, and you can tell he truly cares about customer service. Couldn't be happier with how everything turned out. 5-stars!!!!

Tamara Atkins

17:03 01 Sep 20

This was our 3rd time financing/refinancing with Mike Peacore. As always, he was so professional, expedient, and helpful. Everything went smoothly with Mike guiding the process the whole way to closing. Have referred him to many friends!

Justin Lonergan

04:42 20 Aug 20

Sean was fantastic through our VA refi. Blue Square's rates were the most competitive of the companies I screened, and the application could not have been easier. I probably spent less than 5 total hours on the refinance, saved my family hundreds per month, and I very much attribute that smooth process to Blue Square's and Sean's attentiveness. I have already recommended them to peers and would wholeheartedly recommend giving them a call to see what they can do for you.

RD Kent

03:44 20 Aug 20

Very responsive, friendly, and helpful. Excellent experience!

Jeremy Kirsch

01:54 20 Aug 20

I just closed and recorded and I wanted to thank Kathy S. for her excellent service and support and for giving me the best deal ever. I am getting looks of disbelief when I tell people, especially those with conventional loans who can’t even come close!With Kathy, every question was answered and there were no surprises, except the good kind. No weirdness, everything disclosed.I've purchased and sold and refinanced a number of times, it's usually a stressful experience even without having to move. Not this time.Prior to dealing with Kathy and Blue Square, I had previously used a broker a couple of times before, whom I considered excellent and I was very happy with. With that said, if I ever need another loan, I will come to Kathy and Blue Square first. Without a doubt.And I will be recommending Kathy to anyone who needs a loan, especially those in the VA IRRL category.Again, thank you Kathy for all you did!

manjusha n

00:58 11 Jul 20

Spoke to Mike Peacore about Home purchase mortgage. He was very responsive and helpful. I was shopping around for rates and he gave a quote and gave me tips on getting better rates. He really cares about his clients and great to talk to. I highly recommend Blue Square Mortgage for good interest rates and Mike for his outstanding service. Thank you!

4 Reasons to Lock in Fixed Mortgage Rates Now

How To Lock in Fixed Mortgage Rates?

Lock in a Low Fixed Rate Now

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