A little about Mortgages today…
Many Wall Street economists say that the 10-year T-bill’s fair value should be at about 5% to 5.25%. However, the 10-year T-bill closed today (11/26/07) @ 3.85%. In addition to year-end tax sell-off, the various news with many financial companies’ write-offs resulting from sub-prime papers are part of the market volatility affect. Worldwide credit crunch continues to be a big problem for many markets. The early Tuesday trading in Asia is suffering decline which could take the U.S. stock and bond market further down when the markets open on Tuesday.
What does that mean to you? It’s a good time to dollar-cost average (aka: add more money) into your investment accounts. It’s also an excellent time to buy real estate for those who are willing and able. You’ve seen the bargains out there with lots of incentives offering by sellers. And now, the rates are at the lowest of the year makes the perfect opportunity to lock something in. Here’s the latest mortgage chart from Freddie Mac.
If you are looking for a deal, now is the time. I can help you find and negotiate a deal on any property!
