Good Afternoon,
If you have inquired about a refinance within the last two years please read closely. The Dow Jones Industrial Average dropped over 500 points today, which is the biggest drop since 9/11. Due to this financial MELTDOWN, Treasuries bonds increased and since mortgage rates are tied to the bond market, mortgage interest rates are reaching their lowest levels in history. These mortgage rate cuts will not only help the struggling economy as a whole, but they will help people like you and me on personal financial level.
If you currently have a rate higher than 5.875%, give us a call and we will let you know what interest rate you qualify for on the spot. Do not let this opportunity pass by you.
Here’s the Inside Dripp…
The hot topics have been the bailout of Fannie Mae and Freddie Mac, the Bank of America buyout of Merrill Lynch, Lehman Brothers filing for bankruptcy, AIG is in financial trouble and industrial production in the US has fallen, to mention only a few bloody events darkening the skies over Wall Street. Read about the economic turmoil here. An immediate result of this will be more layoffs and a rise in unemployment, which also helps to stimulate lower rates.
All this news shook Wall Street to its knees and with tomorrow’s Consumer Price Index (CPI) coming out as well as a FED meeting, which will probably issue another drop in the Federal Funds Rate, tomorrow will be another heart pounding day.
Read our Article about how to lock into the best possible rate by clicking here.
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