Utah Rates, Programs, Purchases or Refinaning by Utah's Mortgage Guy

Wow. That is my first thought for this weeks blog.

As traders try to read the economic indicators they are going back and forth between stocks, bonds, and treasuries. The result has been a .5% swing in interest rates in the last 10 trading days.

Today rates are worse by .25% again. And the indicators are the economy is hitting a bottom and likely with start to slowly accelerate for the better. This means that traders are going to stop investing in mortgage basked securities (what interest rates are tied to) and flood money into the stock market.

If you need to refinance or are buying this summer, I suggest you move sooner than later. There is a very good chance we are seeing and end in sight for rates below 5%.

Please let me know if I can do anything for you or your friends and family.