Market Update- Interest Rates

Uncertainty is never a good thing for the financial markets… –  Government wanting to tax and limit the size and investment activities of big banks-  Representatives wanting to end FNMA and Freddie Mac-  Chairman of the Federal Reserve still not confirmed On a typical day the mortgage market would have rallied with such a big stock market sell off,  however the 10 year note was unchanged for the day! 30 year fixed rates continue to stay right at or below 5.0% Mortgage market has stayed relatively steady even though stock market has had a rocky beginning to the new year. No matter how you look at the stock market or listen to the negative comments in the news…there has never been a better time to purchase Real Estate! Have a great weekend.

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