Why aren't mortgage rates lower? The stock market appears to be tanking again today, but surprisingly, mortgage rates have not dropped noticeably (still at around 6.25%). You'd almost think we'd be into the 5's by now with the recent Fed reduction combined with somewhat soft economic data and a declining stock market. I guess we'll wait and see.
PS 6.25% is still a GREAT mortgage rate!
About Me
- rvanwieren@comcast.net (Rick Van Wieren)
- I have been living in Colorado Springs since 1991, and selling real estate here since 1992. We've raised our 5 kids here, and now our 3 grandkids are enjoying it as well. As a top producing agent at RE/MAX Properties, the largest real estate company in town, one of my greatest joys is helping people to make Colorado Springs their new home, and to see them enjoying it as much as we do. We attend New Life Church, and have been blessed to have many friends and family members who have been able to join us here in Colorado. I can be reached by phone at 719-590-4768 or 888-568-6784
No comments:
Post a Comment