Homes for sale huntsville Huntsville Alabama Real Estate

Rates Heading Down This Year?

 

The recent decline of the stock market may be an early indicator of what is coming for the remainder of the year.  If the correlation between the NAHB's Housing Market Index and the S&P 500 Index holds true, we may see substantial decreases in home mortgage rates in the coming months, and well into the second half of this year.  For borrower's who are still in adjustable rate mortgages (ARMs), this is welcomed news and a great opportunity to move to a long-term fixed rate product.
Posted by Philip Winburn on March 6th, 2007 7:21 AMPost a Comment (0)
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