Gas prices have finally gone down as well...Since January of this year interest rates have been dropping and we all saw in the news last week with the 10 Year Treasury bond hitting its lowest ever.
But how long will this trend continue? The answer is nobody knows, this being an election year everyone predicts rates will stay down for the remainder of the year. This obviously cant be certain but is great news for any new home buyer or homeowner looking to buy or refinance.
If you are considering to do either contact your local banker to see exactly what you qualify for and if taking advantage of the these record low interest rates will benefit you. For most the answer is yes, but you need to do you research. Shop for rates, fees, servicing and make your decision from there.
Find out what's happening in Northportfor free with the latest updates from Patch.
The most popular question I get is "Mike do you think the rates will drop even lower?" The answer I give is its impossible to tell but don't hold off for too long, because as fast as the rates dropped remember they can rise even faster!
Find out what's happening in Northportfor free with the latest updates from Patch.
Provided by Michael Vassallo (Licensed Mortgage Banker)
For more information 631-806-5569
