As we have discussed in the past, mortgage interest rates tend to roughly trend with the yield on the 10 year T-Note. In recent days, yields on the 10 year T-Note hit new 12 month lows. That is good news on mortgage interest rates.
As global turmoil continues to spook investors, money has been flowing into safer investments like U.S. treasury bonds. Like all market trends, this one won’t last forever; but in the short run, now is a good time to look into a refinance or a home purchase. Contact us in the form in the sidebar of this page for refinance help. To get info on home purchase programs just fill in the contact for on our home purchase page.