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click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds. There just isn't much room left for improvement, but a lot of room for rate to go up. I would Strongly advise capitalzing while you can.
Tuesday, December 15, 2009 at 10:55AM Today’s mortgage spot-light is the Texas Veterans VA loan. With the greatest benefits including ZERO down payment and the market’s lowest interest rates, it’s a true gem!
VA, home buyers, loan programs, veterans in Home Buyers