Current mortgage rate trends are improving. The blue line on the graph rising means that mortgage rates are improving. The white line was Fridays MBS trading.
Reason: The debt crisis in Greece and Europe are leading some economists to believe that in 2013 we may be headed into a global recession. This economic pessimism fuels speculation that mortgage bonds may be a better investment versus stocks due to their conservative nature. Hence mortgage rates are more likely to improve than deteriorate. However expect the improvements to be in small increments.
Now is a great time to take advantage of these historical mortgage rates and home prices. Contact us today for more information.
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