13SECSS
Club Sponsor
Happy new year guys. We are off to a crazy 2016. In Dec, the feds raised the rates, which does not affect the long term mortgage rates for months, what it does do, is shows strengthening in the overall economy, which in turn sends the market on a bond selloff that raises the 10 year treasury bond. The 10 year treasury bond rising, will in turn raise the long term rates. In Dec, the 10 year bond was at its highest level in months, raising the 30 year rates to close to 4.50%. Now for 2016, this month has been terrible for the Dow, which in turn, lowers the 10 year bond. Today, the 10 year bond, is down near 1 full % from Dec. What does this mean? Mortgage rates are as the lowest they have been since last late year.
I wish I could say how long this will last, but I cant. Anyone looking to refinance, pull cash out for home improvements or to pay off CC, Id say to do it now, as rates can increase at anytime.
Feel free to text, call or email me 7 days a week with any questions or free advice.
Thx Motown
Steve 313-701-2771 [email protected]
I wish I could say how long this will last, but I cant. Anyone looking to refinance, pull cash out for home improvements or to pay off CC, Id say to do it now, as rates can increase at anytime.
Feel free to text, call or email me 7 days a week with any questions or free advice.
Thx Motown
Steve 313-701-2771 [email protected]
