Bond prices reacted positively this morning to the news that Britain voted to leave the European Union. The price of Mortgage Bonds is up sharply at 81 basis points. That’s Great News for Mortgage Rates. Mortgage Rates will be priced at around 10:30 am. Call me to see how low they go.
Ifyou’ve been procrastinating about refinancing or buying a home, now is the time to make your move, but do it quickly, as markets don’t always move in one direction.
Britains Prime Minister, David Cameron, has signaled his intention to resign. And so begins, what some experts say, could be a two-year long, very complicated process of renegotiating trade deals and other policies as the UK aims to decouple from the EU. The future of the union is now in question.
The central banks will come in and try to calm the markets. People holding bonds right now will be the big winners. And some experts say, it may take 3-4 mos for liquidity to return. Is this a deathblow to free trade? The people of Europe want to shake up the establishment, they are angry, paralleling similar feelings in the US right now. Immigration is one of the biggest key issues. Does dividing Europe up make it weaker to terrorists?
In the US, can Janet Yellen take the rest of the year off? No rate hikes seen for a while now, in fact, some experts believe we might see a reversal and rates will have to be lowered! Strap yourself in, it is going to be a wild week ahead.
Refinancing or buying a home doesn’t have to be Stressfull
With rates so low many have refinanced at least once, even twice. But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan. At North Atlantic you receive attentive personalized service
(see what our clients say).
Beleive me, it’s a great deal easier with our help and expertise.
The average time to close a loan is about 30 days. We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available. We understand the guidelines and know what different lenders can do, which incresaes your opportunites for a fast easy loan with a great rate.
Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.
For a free consultation
Call or Email:
John Sauro
Ph: 877-794-5363
Email: JohnSauro@Gmail.com