The past few days we’ve seen the return of low interest rates. Why? The troubled Eurpean financial market provided a flight to safety (discussed a few days ago on this blog) -this flux increased investing in US Treasury Bonds which lowered interest rates, temporarily.
China is stepping in to rescue Europe – providing a stabilization to the market and a decreased need for US Treasuries means higher rates.
Glad we were able to lock in so many clients yesterday, and take advantage of the nice dip in the market. It was fun while it lasted.
Equal Housing Lender.