Mortgage rates have dropped substantially over the past few days. The middle of September the story was “how soon will the Fed increase rates?”, and the 10 yr note was 2.6%. Now it’s “geopolitical issues, how weak is the European economy, and Ebola”. The 10 yr note is below 2.0%. If you have an interest rate over 4%, call me to see if it’s advantageous to refinance. We haven’t seen these rates since August of 2011. The rates dropped more in one day, than the entire trading range over this summer. Remember rates go up faster than they go down.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth