Hot news from AZ Home Help:
Posted To: Mortgage Rate Watch
Mortgage rates worsened today. The level of panic lessened overnight in Japan, and despite several somewhat alarming headlines, the overall panic in the markets was not on par with that seen yesterday and the day before. The situation seemed dire enough for bond markets to move to territory that allowed an exploratory run of a 4.75% Best Execution rate yesterday, but on today's moderation, we're right back to the long-standing "stuck spot" at 4.875. In short, markets began to reverse some of the flight-to-safety that had benefited rates over the past two days. A flight to safety happens when investors are nervous about owning risky assets like stocks, but do not want to miss out on earning a return on their funds, so they allocate their money into risk-free government guaranteed U.S Treasury...(
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