Thursday, May 17, 2012

Mortgage Rates Hit Historic Lows

Mortgage rates hit historic lows today...AGAIN...for the third time this week.

At 3.79% you have to go back to 1953 to borrow on the 30-year at that rate.

The recent technical support described as "The Wall" at 3.85% was broken and it's now gone.

This may look like good news if you are borrowing.  And it is, sort of.

But ask yourself in the current inflationary environment where today gold had its best rally since January 25th would you loan money out for THIRTY YEARS at less than 4%?

Better yet, would you like to own this coupon in five years or ten years? Watch this video if you think otherwise.

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1 comment:

  1. This was a good suggestion that you put up here...dude…..hope that it benefits all the ones who land up here. 

    Alberta Mortgage

    ReplyDelete