The combination of oil prices tanking and a less than stellar jobs reports this week has sent stock market investors rushing into safer investments like U.S. Treasuries. As we have discussed in the past, the more popular treasury bonds get, the lower they yields on those bonds drops. And mortgage interest rates tend to move in tandem with the yield on the 10 year treasury note. This week the yield on the 10 year T-Note has dipped pretty significantly as investors are fleeing stocks.
What does all of this mean to consumers like you? Mostly that interest rates are extraordinarily low again right now. If you are interested in refinancing to a lower interest rate with a government-backed refinance program, contact us in the form in the sidebar. If you are interested in getting qualified for a home purchase loan contact us on the home purchase page.