Interest Rates will be coming down

We're starting to see fixed mortgage rates come down again here at the Bob Hanscom Mortgage Agency. This is a result of recent tragedies in Japan.

We are so closely tied to what happens in other places in the world. When the world economy is booming, banks tend to invest their funds in riskier assets. When a crisis affects one of the world's largest economies, like Japan, bank investors often make a shift to the more secure bonds, which are closely tied to Fixed Rate mortgages. We saw something similar with our Fixed Mortgage rates when the US took it's nose dive.

Fixed Rate mortgage rates tend to fall when investors make the shift to the bond markets and we are seeing the start of decreasing fixed mortgage rates this week.

With our pre-approvals, you will always receive the lowest rate during your 90-120 rate hold period. We watch carefully so that you get the best rate possible.

Have a great week!
From the Advisors at the Bob Hanscom Mortgage Agency