Mortgage News

Temporary Jump in Rates will Drop Last Call to Refi!

January 4th, 2010 10:45 AM by Anne James

Treasury prices fell on the last day of 2009, pushing 10-year yields toward the biggest annual increase in 10 years, as weekly jobless-claims data boosted optimism that the U.S. economy is slowly stepping away from the deepest recession in decades. What does this mean to you? If you need to refi, do it now, as there will be a drop again temporarily. Lock it in! If you are looking to buy, it's THE PERFECT STORM, as prices are at a high for selling a current home and we expect housing prices to drop again in the next few months.   $1,7 million homes will hit the market as banks write off their inventory they've been hanging onto.
Posted in:General
Posted by Anne James on January 4th, 2010 10:45 AM

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