Wednesday, December 01, 2010

Never again for interest rates

I wanted to reach out to you before it's too late. You may have heard that home loan rates reached record lows in October.

But – and this is an important but – it is more important than ever to act now.

Over the last week, rates have started rising again due to a combination of good economic news and the Fed's latest Treasury Security purchasing plan. In fact, over the last week rates have risen 0.25%! That's right – 0.25%!

While some people say good things come to those who wait, others say to strike while the iron is hot. In this case, the "iron is still hot" with rates at exceptionally low levels, but it's starting to turn, and quickly. And we will quite likely never see home loan rates this low again.

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