Mortgage rates are low. Here's how to navigate your options

Mortgage rates are low. Here's how to navigate your options. Mortgage rates are low. Here's how to navigate your options

Mortgage rates are low. Here's how to navigate your options video duration 2 Minute(s) 44 Second(s), published by CNBC Television on 09 04 2019 - 14:06:18.

Shopping for a home can be fun but shopping for a mortgage loan can complicate the situation
Diana Olick explains how to choose the best option for you The real estate market is starting to heat up with the beginning of the summer selling season and the good news you can use is interest rates are looking like .

. IMG_3536.mov Shopping for a home can be fun but shopping for a mortgage loan can complicate the situation
Diana Olick explains how to choose the best option for you.

Shopping for a home can be fun but shopping for a mortgage loan can complicate the situation. Diana Olick explains how to choose the best option for you.

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The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. You're not alone.

Housing sentiment has surged thanks to those low rates, according to government-sponsored mortgage giant Fannie Mae. Its monthly survey, released Monday, shows that positive sentiment in March jumped to the highest level since June — which was just below the record high.

Mortgage application volume also rose after rates saw their biggest weekly decline at the end of March. Volumes were up 28% from a year prior, according to the Mortgage Bankers Association's seasonally adjusted index.

But if you are among those who may be put off by the application process, or aren't sure if it is the right move to make — you should still check things out, said Matt Weaver, loan officer and vice president of sales at Cross Country Mortgage, based in Boca Raton, Florida.

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