30 Year Fixed Rate Loan at a Cost of One Point: 4.125%* (APR = 4.36%) Rates improved significantly b/c the Government Shutdown is over. Also, the economy is weak so no tapering is expected in the near term. Normally, good news such as the ending of the government shutdown would push rates higher b/c it would send investors to stocks (which did happen initially). But, b/c the ending of the government shutdown and the increasing of the debt ceiling averted a government debt default, rates improved as bond-hungry investors returned to bonds.
Posted on: Sun, 20 Oct 2013 05:26:21 +0000
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