Have mortgage interest rates already bottomed out? That is the question as we head into the summer of 2011. The bad economic news that has been appearing lately has not been all bad. As the stock market has staggered in recent weeks demand for bonds has increased. That in turn has compressed yields on bonds which has further compressed mortgage interest rates across the board. As a result mortgage interest rates are again approaching all time lows.
If you have considered refinancing to a lower interest rate or would just like to lower your mortgage payments now is a great time to do some research. Contact us in the sidebar to get more information on the various government-backed mortgage programs available.