Thursday, March 17, 2011

St. Patrick's Day or Submarine Day?

This week, instead of sending the St. Patrick’s Day greeting you’re expecting to get, Signet Mortgage has a little surprise for you!  Did you know that March 17th is also Submarine Day?  Do you know what the most popular submarine in America is? There is a prize for the right answer!  Watch the video to find out more!
  


Whatever you decide to celebrate, have a great day!

Wednesday, March 16, 2011

Mortgage Rates Drop on "Flight to Safety"...

The unfortunate circumstances in Japan and in the Middle East have created uncertainty in the investment markets causing a “flight to safety” of bond investments.  As illustrated in the figure below the bond market has returned to January highs thought to be history.  When the bond market is up – the yield or rates decrease.  As a result fixed mortgage loan rates have improved 0.250% to 0.375% since the first week in February. 



This is an exceptional time to buy a home or refinance.  Many missed out when interest rates moved up and this decline is not likely to last long.  Once the situation begins to stabilize market trends will re-establish and rates will go back up.