Falling Interest Rates

With the media showing nothing but negatives in the real estate market, I wanted to share some good news with you.  Interest rates for most conventional fixed rate loans have dipped to levels we have not seen since 2003.  This is exciting for two reasons: 1) it will begin to stimulate home sales and the economy in general, and, 2) there is the possibility you can save on your current monthly mortgage payment with a refinance.A refinance does not make sense for everyone, but if you plan on staying in your home for at least another 3 years it would be worth doing a “Home Loan Check-up”.   There are obviously many economic factors that contribute to rates, but if the 10 Year Treasury Note is trending down, so are rates!