Friday, April 23, 2010 - Article by: Rob McAllister - West Seattle Mortgage, Inc. 85705 -
Ahhh. Its Friday...I dont know about you, but I do love Fridays. I hope you have a wonderful weekend. While you are sitting in your house or working in your yard this week and considering a new refinance or wonder if its time to lock in your rate on a house you may be buying....my advice is be on the phone Monday morning to get that done. Next week the government has over $129Billion in treasury notes that will hit the market....YIKES! That is 129,000,000,000...Lots of zeros in that number. When these hit the market that will be a huge supply for the market to absorb without an effect on the yields...which means rates are likely going up next week. No, I still dont have that crystal ball I ordered years ago, but with this much debt hitting the market its not too much of a reach to expect rates to go up a little. So Lock 'em if you got 'em and dont worry about this debt affecting your rate...though we all have to pay this back someday...yuck!
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