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Monday, June 14, 2010

MORE OF THE SAME (and that's good)

This week's news in the mortgage world is about the same as last week's and the week before that.  To put it simply, the wild gyrations in the stock market and turmoil with the Euro has made our Treasury offerrings very attractive as a "safe haven" for investors.  When that happens the price of the bond goes up and interest rates FALL.  With average credit I'm seeing 30 year rates nicely under 5% with 15 year rates near 4%.  Would love to talk to you about your unique situation.  Send me an e-mail at guyclerc@hotmail.com.
Posted by Guy M. Petit-Clerc at 5:49 PM