Go Refinance Again!!! 10yr Treasury meteoric drop the last week!

[J. Martin]

Call up your mortgage broker! Get your documents together!

Average 30yr mortgage rates have dropped from around 4.0% at the end of 2015 to below 3.6% being quoted today. That's 40bp in a little over a month! We are now approaching the record low mortgage rates of late 2012, as the 10yr treasury dropped below 1.55% today intraday..

If you haven't refinanced everything lately, it may be time!!!

@Account Closed ,

As a tag along, the plummet in treasury yields is a strong sign of how investors feel about a global slowdown and asset market turmoil. While it gives us a boost from interest expense savings today, it is NOT a great sign for the economy!!!

[Johnson H.]

J, my primary mortgage that I obtained at 3.875% before the rate hike I can now obtain fee free from 3.375-3.5% as of today but too bad I cant refinance for 120 days so I am sitting on the sidelines watching all of this play out. I hope you can get some low rates at this time buddy!