Quote:
Originally Posted by The Fonz
How come we're seeing a drop in Refinance Rates from 3.65% in February, to 2.85% in August?
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The economy is not performing like the economists predicted... shocking.
Which is affecting the
5 Year Bond yield which is an indicator of where fixed rates go (not variable).
In February, the bond yield was up in the 1.80% - 1.90% range and as of today it is 1.28%. That is approx. 0.60% difference along with the Spring market competition (which has not slowed down)... rates have decreased.
If you have a specific question... please PM, email
tim@timlacroix.com or call 403-648-1541.