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Interest Rates Up And Down-Stock Market Turns Off The Valve

Rates continue to drop but someone asked the other day,…Why did rates go up at end of day yesterday (8.18.11) despite stock market close down some 400+ points? Excellent question…when banks get inundated with loans whether purchases or refi’s the way to stop or stem the flow to control and manage business is….raise the rates! “Turning off the valve” so to speak.

Interest Rates Turning Off The Valve
Interest Rates Turning Off The Valve

No Closing Cost Refi Deals:

15 Year Fixed – 3.5% APR
20 Year Fixed – 3.875% APR
30 Year Fixed – 4.250% APR

Refinance A Home Or Buy With Low Interest Rates

Refinance A Home Or Buy With Low Interest Rates

Min 250,000 loan amount, Max $417,000, 740 min FICO score, primary residence, max 80% LTV,
no subordinate financing, SFR only, Purchase and no-cash out refinances, rates subject to change at any time, all closing costs paid by lender, many other pricing options available, loans under $250,000 have slightly higher rates.

Check out this great website for more details on mortgages:
Liberty Home Mortgage

Check out this great website for more details on Real Estate:
www.NorthAtlantaHomeTeam.com

Posted by Deborah Weiner | Discussion: Comments Off on Interest Rates Up And Down-Stock Market Turns Off The Valve

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Office Location: RE/MAX ON MAIN - 301 N Main Street - Alpharetta GA 30009 - North Atlanta Home Team LLC- 678-540-4000 Deborah Weiner 678-628-8865- Each Office Independently Owned and Operated.