Doin’ the Dip
February 23, 2011Okay, so we all know rates are going up, right? After record low rates last year and with signs of a recovering economy it’s going to happen… it’s been happening…
Fortunately, markets do not go up in a straight line. There will be opportunities to get a lower rate for patient borrowers. How low will be determined by lots of different factors.
Enter, the Middle East and North Africa. One of the big influencers on bond and mortgage markets are instability in the world. Thanks to Egypt, Libya, Bahrain, Tunisia and perhaps many more to come we have a unique opportunity to get lower interest rates. As of today, we are in rally mode and rates are indeed dropping. This will not continue for long so you must take action if you want a great rate. Sooner rather than later this will all be over in the eyes of the market. When it is rates will likely spike up to where they should be.
Obviously, we don’t want instability, protests, civil war, etc.. in any part of the world but we need to be aware of the like benefit to our markets that this represents. Jump in and get your deal before it goes by the way of Quadaffi.
