The financial market
information below is provided as a FREE customer service by
BestMortgage.comsm
Mortgage rates tend to closely follow
the Bond market. If you see that bond prices are going UP
(which means the "yield" or interest rate is going down) that is generally a
good sign. A strong bond market will usually (but not always)
cause mortgage rates to fall.
Be aware that the bond market is a very
short-term indicator. If the bond market
is up today -- which means the yield is
down -- mortgage rates will typically fall tomorrow, or at least
remain the same. But that's about as far ahead as anyone can reasonably predict
the direction of interest rates.
At Best
Mortgage, we do not
make long- term interest rate predictions. Please read Steve
Tytler's online column about predicting interest
rates. History has proven that even the so-called "experts" cannot
predict future mortgage rates with any degree of accuracy.
Mortgage rates
change on a daily basis, and sometimes even two or
three times per day when the financial markets are exceptionally volatile. If
you are a Best Mortgage client, please CALL US
at (425) 746-1310 to get a current mortgage rate
quote. If you are located outside the Bellevue/Seattle
local calling area, you may call us toll-free at (800)
870-4570. Please be aware that many of the lenders that
we work with close their lock-in desks around 4:00 PM (PT), so we suggest that
you call before 3:00 PM (PT) to lock-in your mortgage
rate so that we have the widest possible range of lenders from which
to select the best interest rate for your loan. However, even if
you miss the 4 PM cut-off, a few of the lenders that we work with
allow us to lock-in interest rates over night.
Click on the links below to view today's
financial market information:
Financial Market
Stats:
Economic Indicators:
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