Brexit and it’s Impact on Mortgage Interest Rates

BrexitBy now you’ve heard Britain has voted to leave the European Union (EU) and you’ve likely seen what the vote has done to Wall Street, but what about it’s impact on mortgage interest rates?

Greg McBride, Chief Financial Analyst at Bankrate, said rates could sink to record lows in the coming weeks.


“If you’re a borrower, don’t wait to lock your rate, as this opportunity may not last long,” McBride said.

They’ve already hit rock bottom this year. In the past month alone, the 30-year fixed-rate mortgage is nearly at a three-year low. Britain’s vote to leave the European Union is expected to drive rates even lower.

This is good news for buyers and sellers. Since the expectation is still that mortgage interest rates will increase by the end of the year, now is a great time to sell your home and trade up, or get out of the rapidly increasing rental market and buy the home of your dreams. For current interest rates contact your Regency Mortgage Planner.

Mark McCauley

Senior Vice President of Sales and Marketing

How to Find the Right Real Estate Agent for You

Whether you’ve decided to sell your home, or buy one, aligning yourself with the right real estate professional can be an important first step.

WorkOnLaptopAlthough you can do a significant amount of research on your own, a real estate agent may know about listings before they are available online and may have additional insight into the property, the market, and the neighborhood.

More importantly, a real estate professional will help you navigate all aspects of a real estate transaction. From targeting the right neighborhoods to pricing, staging, negotiating, financing, inspections, appraisals and more!

How do you begin your search for a real estate agent?

  • Do your homework online. Most real estate professionals have a social media presence, making it easy to get a feel for who they are and what it’s like to work with him or her. Online reviews from past clients offer particularly valuable information. Check out the agent’s current listings online to evaluate their expertise and ability to market effectively.
  • Ask for recommendations from friends and family who have recently used a real estate agent to buy or sell.
  • If you are already working with a mortgage professional to secure financing, ask him or her for a referral to an agent they have worked with and trust.
  • Attend open houses in the neighborhoods you are interested in. Chat with the agents and ask lots of questions.

What questions should you ask a real estate agent?

  • What does the current market look like?
  • What is your advice for competing in a tight market?
  • What neighborhoods do you usually work in?
  • How long have you been in business?
  • How are you going to communicate with me?
  • How will you price the home I’m selling or how will you help me find homes within my price range?
  • When should I put my house on the market?
  • What do you suggest I do to get my home ready to sell?

It’s helpful to have your financing worked out early in your home search in order to target neighborhoods that meet your lifestyle needs as well as your financial guidelines. Contact one of our mortgage planners to help you get started today!

Awarding our Stars of 2015!

RPMSalesRally1-300x186In January Regency was proud to award our star mortgage planners at the RPM Mortgage Sales Rally in California!

Our Mortgage Planners work hard all year long to get our borrowers into their new homes! And no one has done that better in 2015 than our Top Producer, Meghan Merrill of our Concord office!

But we’d also like to congratulate Joe Cipollo and Vicki Gordon of our Bedford office on being 2015 Producing Stars!

Rae Ann Rice of our Bangor office and Greg Curry of the Keene office for being 2015 Purchase Stars!

Craig Farrington of our Auburn, ME office for being a 2015 Top Purchase Producer.

We love our Portsmouth office for being the 2015 Top Producing Branch this past year!

Kathy Malloy of our Keene office awarded with our 2015 Golden Hammer Award for bringing in the most Renovation loans this past year!

We can’t wait to see what Pat Jones of our North Conway office will do in 2016! She was awarded our 2015 Rising Star!

RPMSalesRally8-300x225Rita Corey of our Bedford office was presented with being Most Sage in 2015.

And lastly, in 2015 our Most Innovative Mortgage Planner was Justin Macagba!

We had a lot of qualifiers this year make the trip out to California and it was a blast! Our qualifiers in attendance were Cathy Campbell, James Farley, Craig Goss, Kristin Williams, AJ Lane, Scott McCauley, Delvin Arnold, Kim Riddell and Andrea Baldwin! Though we did miss Bob Ricard, Christine Francoeur, Bryan Flynn, Beth Cheney and Larry Winefield, our qualifiers who were not able to attend! Plus, Mark Severance, Amy Morrill, Amanda Methot, Mark McCauley, Maureen Lemay and Scott Hanley rounded out the party.

But we wouldn’t be anywhere without all of our determined Mortgage Planners! So here’s to a great upcoming 2016!