After hitting record lows at the end of September mortgage interest rates climbed slowly but steadily through most of the month of October. Rates increased in October in large part due to the news that Europe had worked out a temporary fix to their debt problems. But as October came to a close the European debt crisis hit a new snag which in turn led investors worldwide to purchase more US bonds which in turn is improving mortgage interest rates again. The excellent rates combined with the recently announced of an expansion of the Home Affordable Refinance Program (HARP) make now an excellent time to look into an government-back mortgage refinance. Contact us in the sidebar to learn more.
Comments Off on After rising through most of October mortgage interest rates improve to start November Posted by G.R.A. Admin on Thursday, November 3rd, 2011