Recent news about European bank failures creates the need to put funds where it is deemed safe, also called a “Flight to Safety” and the US bond market is just the place to go. This week a major bank in Spain failed and when something of this magnitude happens the bond market improves and mortgage rates go down. If you are currently shopping interest rates for a home purchase or considering a refinance this is a great time to take advantage of lower rates.
Flight to Safety
24
May
Equal Housing Lender.