Turmoil is usually a bad thing, but when it is national and international, that usually works in the favor of lower interest rates. The reason? Financial markets love consistency…they hate the unknown…and turmoil makes them anxious. So what happens is large investors make the flight to quality and safety. That means they buy long term bonds, which lowers mortgage rates. For how long is anybody’s guess, but if you are thinking of locking a loan…now is probably a good time! If you need help with the purchase of real estate or a refinance of property you own, call today! 707-259-1117, 530-406-2200 or 707-337-5970 Cell!
Leave a Reply