Excellent Rates!
The turmoil in Washington has certainly produced one
thing….
LOW INTEREST RATES!
There are really 3 factors that have pushed mortgage rates back to
historically low levels.
1. US Debt Ceiling Uncertainty
The debate in our government on how much to cut or not to cut, to raise or not to raise has everyone on edge and preferring safe haven securities over stocks.
2. European Debt Issues
What started in Greece has now spread to Italy, Portugal and Spain
and more European countries. As the debt that these countries owe
loses value it has driven investors to treasuries as well.
3. A Slowing US Economy
Recent reports have the US economy losing steam. Earlier in the
year positive reports had mortgage rates on the move higher. The last
month has had the opposite affect: poor economic data has mortgage
rates moving down.
If you have been thinking of purchasing or refinancing now is the time to act.
Whether you think you cannot qualify or have no equity I am willing to exhaust every option we have to try and lower your mortgage
payment. We know rates are headed up. Let me help you before they do.
Call me today at 503 -385-4050 or email at karen@landmarkprofessional.net.
