The interest rate market has been on a roller coaster in the last month. When the American Government stopped purchasing mortgage backed securities on March 31 the market went into massive volatility. Today the stock market joined the roller coaster ride as it has seen losses up to 1000 points ending the day down only 347 points. These types of turns prove just how important the "global market" truly is. The issues facing Greece are causing volatility around the world.
The good news for those of you looking to purchase a home, rates improved today, significantly. Call or email me for more information.