Greece's Misfortune is Your Gain!!

By
Real Estate Agent with Coldwell Banker Select

With the current turmoil in Greece, worries about the ability of the 16 member Eurozone to support the Euro and fears of a double dip recession, capital is moving toward safe havens.  These have traditionally been the US Dollar, the bond market & gold.  When investors retreat to the bond markets, bond prices go up and interest rates go down.

This has created a perhaps temporary window of opportunity to lock in an extremely favorable interest rate.  Valley National Bank (Tulsa) quoted today an interest rate of 4.75% for a 30 yr fixed FHA loan subject to your credit.

The rule of thumb has been that if you can lower your interest rate by 1%, it may be worthwhile to refinance your home.  It would also be a great time to purchase a home.

For more information, call Peter Tamura at RE/MAX Executives, 918-770-6999 or Lynn Majors at Valley National Bank, 918-524-3620.

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