Monday, December 1, 2008
I cannot believe that it is already December 1. Time is flying by. Last week was a great week for stocks, but it was all lost today as the market is closing after losing over 600 points. The bond market was faring very well this morning, but has since turned neutral. But neutral in this market is actually very good. Interest rates are low, lower than they have been since May 2005. If you have equity left in your property and are paying more than 6.25%, now is the time to refinance that mortgage. Call me, we can see if a refinance will benefit you financially.