Mortgage Rates Drop Once Again.  

Just as we all thought we were passed the peak of the COVID-19 pandemic and business and individuals began to shift towards some levels of pre-pandemic normalcy, we saw some big changes. The economy, specifically the stock market, was beginning to bounce and fear levels were subsiding, but then reports of an “earlier than expected” second wave of the corona virus came out and the country went into a panic. The stock market took another dive and fear set back in. Finally, on Friday mortgage rates hit yet another record low.

What lessons do we have to learn from all this unprecedented mayhem? The country is not yet in the clear from mass spreading of the coronavirus, the stock market is more fragile than many people think, and mortgage rates can get below 3%. One of the most important things for us to remember, however, is that none of these things are permanent. The virus will weaken as more and more people develop antibodies, there will be a medication and a vaccine for it in the near future, the economy and the stock will bounce back like it always does, we just have to be patient, and the mortgage rates will not always stay this low.

Clearly with such low mortgage rates lenders will be stricter than ever and will have processes in place to only lend to “perfect” applicants, because of the increased risk they will take on with such low interest rates. However, finding out if you are a “perfect” applicant and if you can take advantage of this once in a lifetime opportunity to get a loan with a rate we will likely never see again, is completely harmless and mostly free. If you do qualify for a loan, you can lock-in the rate and buy when you are ready. Talk to an agent now (

You might be reading this because you want to learn about what COVID-19 is doing to the real estate market, or because you are in the market to buy or a sell your home, or you want to be a real estate investor with several homes and multi-family properties in your portfolio but you don’t know where to start. There is only so much information you can get from the internet. Talking to real estate consultants such as Amin Vali Consulting Group will have all your questions answered without the pressure to do anything.

You have no idea how much your chances of success have increased with such low rates, what’s the harm in finding out if you even qualify for a loan with a historic rate of below 3%? What have you got to lose? ( 

Amin Vali 

Civil Engineer, MBA, Real Estate Agent, Multi-Unit Construction Project Manager in California,

 USA Phone : +1(310)925-3878 

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Facebook:amin vali

Realtor in Zutila Inc.


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