Tucson AZ Home Loan Info

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Europe Up More Than Nine Percent: Look For Higher Mortgage Rates Today

Mike in Tucson: Bloomberg ChartMay 10, 2010  Bloomberg this morning shows the stock market in Europe up more than NINE PERCENT! 

Our markets will open in a little more than 90 minutes, and you can look for a rally in stocks after the beating the market took last Thursday and Friday.

Look too for mortgage interest rates to rise today as Mortgage Backed Securities sell off.

Rates are still exceptionally LOW by historical standards, but they won't stay there.

  • To my REALTOR friends:  Make hay while the sun shines!
  • To my BUYER friends: If you like it, LOCK it!

I'm Mike in Tucson, your preferred Tucson Mortgage Lender.

NMLS #223495

SUNSTREET MORTGAGE llc ~ Mortgage Bankers, Not Brokers!
Offices in Scottsdale, Tucson, and Nogales, AZ, and Albuquerque, NM.

Reach me any time on my Blackberry (520) 349-9090

Comment balloon 4 commentsMike Jones • May 10 2010 08:15AM

Comments

Good Moorning Mike, A great observation and I think for sure that higher interest rates now will be a real factor for the next couple months.

Posted by William Johnson, San Diego Real Estate Voice, GRI CRS e-Pro CDPE (RE/MAX Associates) almost 9 years ago

Mike, of course they are going to go up, it is just when????????

The big question. I know they were under 5% the last few weeks.

 

Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) almost 9 years ago

Mike - I have heard that rates are expected to hit 6.5% by the end of 2011, so people really need to take advantage of these low rates!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) almost 9 years ago

Maybe it will put a burr in their bottoms?

Posted by Joan Mirantz, Realtor, GRI, CBR, SRES - Concord New Hampshire (Homequest Real Estate) almost 9 years ago

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