Choicelend.com – Congress and the administration’s massive deficit spending is creating fear from our foreign investors in treasuries. In essence they are demanding higher yields for what they perceive as a riskier investment. US Treasuries a risky investment? Maybe or maybe not but perception is reality in this market. Mortgage rates follow treasuries and at this time even with Quantitative Easing 2, rates have not slowed their increase. Those looking to refinance should make their move now and lock. Next month rates will be higher.
Related Information:
- “Lost your lock” with a different lender?
- 30 Year Fixed at 5.5% in 2011?
- A Rebound for Mortgage Rates?
- Are Costco Mortgage Rates Better?
- Are Mortgage Rates going up or down?
Art Bermudez has written 55 articles on Choicelend.com
