Interest rates have gone back down again. They are about as good as they have been in awhile. We are not far away from where they were back a few months ago. Many of my clients who missed the last go around for their refinances, are deciding to do it now. Last week I locked in a number of refinances as well as many purchases.  

On Monday and Tuesday my clients and I will probably be taking advantage of this window of opportunity and will be locking in the rest of the purchases I have left in my pipeline that are expecting to close within the next 30 days. There's no sense in taking any chances with the market as volatile as it has been lately.  

Most top economists are saying that they expect the Feds to increase the rates within the next few months, or at least by the end of the summer. It's hard to tell what the Feds will do. The Asian Crisis still has a lot to do with the decisions that are being made by the policy makers right now. The feeling seems to be that we haven't seen the full impact of what is to come even yet as a result of the international issues and crisis' around the world.  

I'll update this next week and let you all know how things went.  

 

About CMG News & Education Rates Trends & Programs

Who Knows The Lighter Side Close to Home