Current mortgage rate trends are deteriorating. Mortgage rates are rising due to positive economic news as investors sell their mortgage investments and buy stocks instead. When mortgage bonds stage a sell off mortgage rates rise as is the case today.
Reason: New jobs are expected to increase. Word from Europe that they have a plan to help Greece avoid defaults. German retail sales rose and unemployment dropped. First time in 19 years Germany has had this good of a report. This fuels bets that the European central bank will raise interest rates again to stave off inflation.
Contact us to get pre approved to buy California real estate while it is cheap and at mortgage rates rarely seen in American history.
Mortgage Carlsbad - Carlsbad mortgages-Carlsbad mortgage broker
Comments(3)