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 17^th 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!

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.