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Tuesday, May 25, 2010

Holy Cow, Have You Looked At Rates Lately?!!

Mama Mia, the European sovereign debt situation, namely Greece, has put a tailspin on the Euro and caused a "flight to quality" safe haven status for the our treasury offerings, in other words huge demand.

When this happens interest rates DROP.  I'm seeing 30 rates at 4.625% to 4.75% almost as good as the glory days two years ago. I'm also seeing 15 years at 4 to 4.125%!!

The banks also seem to be getting back into the JUMBO business with good fixed rates and exceptional ARMs.

Let me know if you want to take advantage of this special situation.

Cheers, Guy.

P.S. I passed my national exam last week now on to the state.
Posted by Guy M. Petit-Clerc at 3:26 PM