The refinance boom we have enjoyed for over three years is starting
to slow down with recent economic signs showing that the economy is
improving. This data is putting upward pressure on the bond market as
equity's are hitting all time highs and bonds need to raise their yields
to entice investors. Since the financial meltdown in 2008 historic
rates never seen before have created the most prolific refinance boom
ever seen. Low Rates created by the Trillion dollar Government bond
buyback program known as QE1-3, coupled with new Government programs
such and HARP, HAMP and Streamlines have allowed homeowners to save
thousands of dollars in interest on their home mortgage helping the
struggling economy sputter along. The low rates are now starting to
improve the purchase market as property values are showing recent signs
of recovery adding more fuel of positive data supporting the economy's
recovery. As all this information is gathered and the Fed considers
it's position on the continuance of QE3 and the future of the sub 4%
mortgage. NOW is the time for anyone who has not refinanced their home
mortgage to get off the fence and lock in a new low mortgage rate.
Don't miss the boat! Please contact me at david.labbe@comcast.net to see if I can help you!
David
