Financial Insight

Today mortgage rates are at 5% and falling, finally something good is happening, do you really want to miss out?? 

Fortunately for our markets, in spite of the spending that the US government is expected to carry out in the near future and the current deficit, rates have continued down (i.e., demand is strong) as investors sell other assets around the world and put their cash into U.S. securities. As noted last week, some of the short term instruments are paying near 0%, and therefore investors are only receiving back their capital. This morning finds the 10-yr yield at 2.53% and 30-yr mortgage prices worse by roughly .125.

To see how much this could really help you click here and tell me your scenario. 

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