Friday, March 25, 2011

Just a quick note about rates of interest:

Once again, the rates held below 5% this past week for 30 year fixed loans. Last few weeks it was Libya (still a factor). But this week the big issue affecting rate markets if Japan. The ongoing crisis, which threatens to make Chernobyl into a Sunday School picnic, is apparently getting worse and this is forcing investors heavily into Treasuries, which pushes up their values and thus forces yields (interest rates) down. What does this mean for you? If a buyer, MOVE AND GET OUT THERE TO BUY! If a seller, get your home ready because with more buyers looking, it may push your values up from where they were a few short months ago.
You heard it here first!


Post a Comment

<< Home