Did You Know…?

Posted on March 10, 2020 by The Weekly Commentary

In the last several weeks, interest rates have moved to record low levels. As a result, mortgage interest rates (which tend to closely follow long-term interest rates), have also moved to historic lows. According to Freddie Mac: “The average rate on a 30-year fixed mortgage was 3.45% during the week through Feb. 27, down from 4.35% a year earlier. The average rate on a 15-year mortgage fell to 2.95% from 3.77% a year earlier.” With rates trending down, you may want to consider refinancing existing mortgages. This choice will not be right for everyone. Please take the time to consider your individual financial situation and personal factors – for example, if you are at the tail end of your existing mortgage the refinance costs may be greater than the benefit, or it may not be in your best interest if you are possibly planning on moving in the next 5-7 years. Make sure you take all of your planning into account and consult with professionals before making any decisions. A good place to start would be running your numbers through the mortgage refinance calculator on our MyRetirementPro.com website.

Valley National Financial Advisors, and its family of companies, has been in the Lehigh Valley since 1985. The company is independent and locally owned. As a respected and trusted organization, our relationships with many clients and their families transcend generations. We have the expertise to provide clients with financial strategies to effectively manage their existing assets and to provide for the eventual transfer of their wealth.

Our one-stop service model includes: Financial Planning – Investment Management – Estate Planning – Retirement Planning – Education Planning – Tax Planning & Preparation – Insurance Planning – Trust Services, offered as a Trust Representative Office of National Advisors Trust Company, FSB – ExecutiveEdgeTM, Personal Financial Planning for Corporate Leaders. Our services are provided by a team of objective professionals and managed by one contact person – your personal financial advisor.

Valley National Financial Advisors is proud home of the Lehigh Valley’s most CFP® – Certified Financial Planner Professionals^TM. Among other honors, Valley National has been voted Best Financial Planner in the Lehigh Valley seven times by the readers of Lehigh Valley Magazine, and ranked among FA Magazine’s Top RIAs and AdvisorOne’s Top Wealth Managers.

For more than years, our firm has been devoted to helping our clients to achieve their hopes, dreams and aspirations. This requires a delicate balance between the science of financial planning and the art of understanding the feelings and emotions of our clients and their families.

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