Rates have remained low because of the unsettled state of the economy. The concern being are we going to double dip in a recession? Most economists now feel that we will not double dip, but stay at this very low rate of growth. What does that mean for you and mortgage rates…..we should stay bouncing around this rate level as we have been. What should you watch for: The Feds position and if they provide even more quantitative easing of money which may spur the stock market.
Rates are still great – there is lots of YSP for your at low rates. If you don’t know what YSP is please give me a call – it is important you understand whether you are buying or refinancing!
