As the US stock market breaks new record highs mortgage interest rates have been moving higher over the last several weeks as well. The more popular stocks become with investors the less popular US treasury bonds become and when investors sell treasury bonds mortgage interest rates normally begin moving higher. It comes as no surprise that mortgage interest rates are off their recent all time lows. Everyone knew those record lows could not persist forever. The good news is that for now interest rates are still near all time lows so it is not too late to refinance or purchase a home at these astonishingly low rates. Contact us in the sidebar to get more information and/or an estimate on a government backed mortgage right away. There is still time to get in on the low interest rate bonanza that so many borrowers have already taken advantage of.
Comments Off on Mortgage interest rates inch higher but still near all time lows… for now Posted by G.R.A. Admin on Monday, May 27th, 2013