This is what I tell clients who don't realize this could be gone by the end of the month!Every year for the past 3 years mortgage rates have risen in Oct due to Fed/Gov interference (STIMULUS). History doesn't lie....look at this chart below:
Mortgage rates aren't going to get any lower than what we have seen already as new lows in fact they will probably rise and settle for the near future in the mid to low 4's (which is still historically phenomenal) The "bond market investor's" mentality is such that odds are very much against anything other than that. Whatever benefit you can obtain from the low end of the bond market that we are currently in I would suggest you strongly consider quickly as in most cases it costs ZERO to refinance and better you or your clients picture financially so you have nothing to lose and everything to gain.Unfortunately all its going to take is for the fed to heat up the printing presses as they always to pre holidays to get the stock market going for these rates to raise .50 to as much a 1.0% overnight and stay there through spring. It has happened for the past 3 straight years, rates at all-time lows in October and then STIMULUS!!! QE 3 is on its way and it's going to suck for rates (and for me).Look at the bond market chart, the fed doesn't want to see a stock market back Friday on shopping black Friday!They will sell out our dollar and our futures once more just to benefit the stock market again through year end, just you watch!
If you want custom taylored advice and solutions FOR YOU to take advanatge of the current market please pick up your phone and call me now at 425-264-7007 or email me at WackyWireless@Gmail.com. Warmest Regards, Nick Krehnke :)
