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Mortgage rates on the move again?

Is political unrest good for rates? The short answer is yes… In times of financial or political unrest, investors tend to move their money from the more volatile risky investments (stocks) to more stable investments such as bonds. A flood of investments into bonds will drive down the yield and mortgage rates tend to move in-step with bond yields. We know emotional investors’ flight-to-safety, will just as quickly move back to stocks when the market volatility settles back down. The good news is rates dipped over the last couple of weeks but we believe this is temporary and rates will to continue to rise as the economy expands and the political unrest that has gripped parts of the Middle East begins to subside.

It is certainly a good opportunity to move on that refinance or new home purchase you have been considering. Take advantage and lock in your deal as quickly as possible

I would be glad to run specific scenarios for you so that you may decide whether or not it makes financial sense to move forward. High Balance loan rates ($418,000 – $729,750) are competitively priced too.

Current Conforming Rates-Primary residences only (Pmyts based on a average loan amount of $250,000) for a historical perspective on rates please visit my blog
Loan Program  Monthly Pmyt  Rate APR Points
30YF $1304 4.75% 4.786% 0
20YF $1581 4.50% 4.567% 0
15YF $1833 3.875% 3.987% 0
5/1 ARM $1088 3.25% 3.323% 0

SERVICE GUARANTEE:
WE GUARANTEE A SMOOTH LOAN ORIGINATION PROCESS OR WE WILL REFUND UP TO $495 OF YOUR CLOSING COSTS

We appreciate the opportunity to work with you on your next refinance or home purchase transaction.  Please pass this along if you think we can help any of your close friends or family.

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