Double Dip, At Least where Rates are Concerned
June 9th, 2010 Posted in UncategorizedSeveral weeks ago, economic signs were looking great. The DOW was in rally mode and mortgage interest rates were beginning to creep up. But then, out of nowhere, interest rates crashed.
I believe this dip to be short lived, but if you are thinking of refinancing or purchasing, you better get a move on it. Depending on fees and point structures , the 30 year fixed interest rate is available at 4.375-4.75%. This is awesome ! I have 15 year fixed rate mortgages slightly under 4%.
I don’t know what is driving this market, but money is cheap and now is the time to get a handful.