Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Good Morning,

The jobless news is in and it is the worse we have seen four and a half years.  If you have been waiting to get the best rate possible, today is the day to lock.  

I expect BIG mortgage rate drops today.  Call your mortgage consultants immediately and find out what you qualify for and lock in your rate.  This is the window of opportunity you have been waiting for.  It doesn’t last long.

Here’s the inside Dripp…

Unemployment Rate
Consensus: 5.8%
Actual: 6.1%

Simply Put: High unemployment stimulates mortgage interest rate drops because investors become weary about the stock market and the safest place for their money is the bond market.  Since mortgage rates are tied to the bond market, rates go down when this happens.  We are going to see amazingly low interest rates today.

So do you lock? YES!!!

* We have also added a new CHAT feature click here to connect with me immediately if you want to see how low your mortgage rate can go!  You can also request a quick quote by filling out our small form here.