How Iceland's Volcanoes Are Helping Mortgage Rates Fall - 04/21/10 10:35 AM
Mortgage rates and home affordability have improved lately, thanks to an unlikely ally - Mother Nature.
In the 7 days since Iceland's Eyjafjallajökull erupted, ash clouds have grounded planes, disrupted businesses, and stranded exports in warehouses worldwide.
It's a drag on commerce that's spilled over onto Wall Street. As experts debate the potential for future seismic activity, traders are taking some of their investment risk off the table. 
In trading circles, it's called "safe haven buying". When the market gets cloudy, investors often move their cash into relatively safe assets.  This includes government-backed securities - mortgage-bonds among them.
Demand for bonds … (1 comments)

 
Frank Hilliard (New Penn Financial, LLC)

Frank Hilliard

Greenville, SC

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New Penn Financial, LLC

Address: 124 Verdae Blvd, Suite 203, Greenville, SC, 29607

Office Phone: (864) 329-9424 x 102

Cell Phone: (864) 991-7997

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Daily updates from the mortgage industry from Preferred Trust's perspective. Keep track of weekly mortgage rate updates and many other issues impacting the mortgage finance world. I hope you enjoy the information contained in this blog!


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