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Tuesday, June 1, 2010

These Historic Rates Continue

I've been seeing 30 year fixed rates as low as 4.75% with 15's around 4%!  It's been this good for a while so what's going on?  The expression "misery loves company" has some meaning in this instance.  I mean the confluence of the European debt situation along with our stock market rollercoaster has put a lot of jitters in the general financial world.  This is bad for investors but good for interest rates as people/institutions gobble up our treasury offerings whose apparent safety is very attractive right now.  I mean we are in striking distance of the lowest rates in history.  What a time to act!!
Posted by Guy M. Petit-Clerc at 12:33 PM