Lenders Keeping Mortgage Rates From Going Lower?March 9, 2020Mortgage rates dropped to an all-time low last week as the benchmark 10-year U.S. Treasury note, which tends to influence the
FREAKY FRIDAY RATES
SORRY TO TELL YOU!
You might have lost the opportunity to get a good interest rate below 4.5%. Although the bond market has taken a quick hit, Mortgages are still pushing through with mid to high 4% interest rates. If you were expecting for the rates to get any better, that time has come and gone! BE VERY VERY CAREFUL about these ads out there offering TEASER RATES! 3.1% 3.5% 3.875% Read read READ R E A D the bottom line. They will most likely be 15 year term or a variable interest rate. If you are only planning on sticking around for the next 3 to 5 years, then a Variable interest rate might be a good thing. If you have No plans whatsoever! DO N-O-T Touch a Variable interest rate PLEASE!
So Have a FREAKY FRIDAY! Comment below or send a message if you have any questions.
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