Are the mortgage rates the reverse of the DOW Jones and stock market?

Short answer: sort of yes, sort of no. As the market goes down, investors look to pull their money from stocks and put their money in bonds, specifically mortgage backed securities (MBS). As MBS rises, rates decline and this is why there seems to be a correlation between the stock market and long term interest rates. So to answer your question;Yes, often as stocks plummet, so do interest rates. It's a great time to refinance now as rates are excellent today. Check my 30 year rates on my profile and give me a call, I'm in California. Gregorio Denny --WeFixRates.Com --

If you are considering refinancing, I would suggest you look into the process NOW because rates will soon rise. The federal government has ended its purchase of mortgage back securities and mortgage rates will ultimately rise. We are Direct Lenders in all 50 states. I would love to give you a proposal. Hope this helps.

Mr.Gordi - Here is a quick summary of the question you asked above - If the stock market is performing poorly and their happens to be unrest in the economy investors will tend to invest in the bond market in what is typically called a flight to safety ...thus a safe investment.The bond market in a whole is not as volatile as the stock market ,,,they tend to not have the swings of the market in a whole.The interest rates work just the opposite of the bond market in that they follow the principle of supply and demand.If the bond sells for less due to the lack of demand they have to offer a higher yield as a way to entice the investors interest.As for the other question about the Dow Jones it is a indicator of stock market prices based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange.I hope this helped give you a brief answer to your question.I would be happy answering and further questions you might have about loans as well as programs .I can be reached on my toll free number 1-877-870-2676 or you may visit our website at http://www.fhasubmissions.com for questions and answers similiar to the one you had asked above.Jeffrey Martino Young Branch Manager at Essex Mortgage Bank in Santa Rosa,California

Mortgage rates are primarily influence by Mortgage Backed Securities (MBS). Also, influenced by the 10 year Treasury. But, lately, by any statistic or occurrence that may effect the financial market. .... Happy funding, Rudi