As investors all over the world become increasingly nervous about world economic conditions more and more are buying up US treasury bonds as a safe haven for their money. That in turn is reducing the yield on US treasury bonds which in turn has continued to compress mortgage interest rates. The end result is that rates on government-backed mortgages are at astonishingly low rates this month.
Contact us in the sidebar to learn more details on the programs and rates connected with government-backed refinances. Dips in interest rates this steep normally don’t hold for long.