BREXIT–Brittian votes to leave the EU–Flight to Bonds–Interest rates go LOWER!!

So when the world economy shudders and lurches on the news of  “the un-thinkable” –Brittian leaving the EU– the smart money runs for the relative safety of “bonds”. Bad news=great interest rates! This is getting seriously low.  Look at these absolutely delicious rates!

Mortgage Rates for June 24, 2016

FIXED AND ARM CONVENTIONAL PROGRAMS RATE         APR
30 Year Fixed Conventional 3.500%      3.665%
15 Year Fixed Conventional 2.875%      3.015%
5/1 LIBOR ARM Conventional 3.000%      3.088%
7/1 LIBOR ARM Conventional 3.125%      3.178%
JUMBO PROGRAMS ($554k +) RATE          APR
30 Year Fixed 3.375%       3.592%
15 Year Fixed 3.250%       3.009%
5/1 LIBOR ARM 2.750%       2.847%
7/1 LIBOR ARM 2.750%      2.911%
FHA/VA FIXED PROGRAMS RATE          APR
30 Year FHA/VA 3.250%      4.397%
15 Year FHA/VA 3.250%      4.660%

 

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