European economic issues, weak US economic growth, horrible jobs numbers… Because of an accumulation of reasons, the interest rates have crashed over the 2 1/2 months. Big international money is running into safe havens.
The 10 yr note (direction most closely correlates with the 30 year fixed mortgage rates) has dropped a full percent since mid-March. The mortgage rates haven’t dropped as much, but are looking amazing. Interest rates jump up faster than they go down. Don’t wait. Even if you don’t lock, have your loan in process so you’re in position to move before they jump up.
If you have any questions on how you can take advantage of these historically low rates, feel free in contacting me, and lets crunch the numbers…
Ron Henderson, GRI,RECS,CIAS
Multi Real Estate Services, Inc.
CA DRE #00905793
office 818-999-2945 x102