BONDS UP 100 POINTS TODAY!
THIS IS BIG NEWS FOR RATES!! Up 100 basis points is great news if you were looking to buy or refinance. Right now you are not hearing much on rates because it hasn’t hit the news yet, but this is HOT OFF THE PRESS! Rates are lower today than any other! Why? The feds news of interest rates staying low until 2013 is a major contributor. Obviously the stock market is being negatively affected, but this is a time to save. A smart investor sees the loss as a gain in other markets. Don’t dwell on losing money in the markets, rather save in other areas to make up the difference. Refinancing or locking in at the right time is key to success on the real estate side. Call me if you have questions. 630-330-5626 Bill’s hotline!