Mortgage Rates Improving

Over the past week mortgage rates have slowly improved thanks to investors allocating their investments into risk-free Treasuries. This "flight to safety" has been driven by concerns that Greece and other members of the European Union may end up defaulting on their government debt obligations (also called sovereign default risk). This rush to less risky assets has pushed mortgage-backed security prices up, which allows Niles Home Loans to offer lower mortgage rates. If you are in the market for a new home, or if you want to lower your monthly payment, i strongly recommend a payment analysis for your particular circumstances. A consultation takes about 5 minutes and there is no cost to you.