Wednesday, August 10, 2011

Lower Mortgage Rates a-Brewing

In case you don't know, the 5-year government bond rate is positively correlated to the 5 year fixed mortgage rate. It is entirely possible people will be able to get a 5 year fixed closed mortgage for close to 3% in the not-so-distant future. That isn't free money, but it's getting pretty darn close, for 5 years, anyways.

No comments: