The Week in Review:
Mortgage interest rates were sitting at low-time lows this week. European debt woes have continued to control the economic spotlight and have prompted money from all over the globe to flow into the safety of the US bond market. Home loan rates decreased slightly during the week.
What to Expect:
Greece and company will continue to keep home loan rates low in the near term. However, we have seen rates move quickly up from these levels repeatedly before.
The economic calendar is light this week ahead of a holiday weekend. Our advice is to take advantage of the market. If you are considering purchasing or refinancing, don’t try to time the market. Take advantage of the opportunity while it is here.
Remember: Some mortgage loans are assumable. You better believe that your sub-4% fixed rate will be extremely valuable when you decide to sell your home in the future.
Next 15 Days: Lock loans
Next 30+ Days: Rates have a chance to continue to move lower
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