Mortgage Rates Down This Morning After Last Week’s Stock Market Slump

May 18, 2009

Daily Mortgage Updates

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18 May 2009 – Mortgage rates are down again Monday morning, after the stock markets were slumping Friday. But Monday morning the stock markets are rallying, so I?d expect interest rates to likely be up a bit Tuesday. Rates are way down right now; some people are getting 5% or even less, so if you?ve been waiting to refinance, or waiting to lock your rate, now is the time. When rates dip really low like this, the window of opportunity has typically been very, very narrow, so timing is everything.

In other financial news, gasoline is up, European stocks are up, and gold, the US Dollar, and the Japanese yen are all down.

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About Rod Holmes

Rod has been a broker working in Chicago since 2004. He has worked with developers, buyers, sellers, and as well as managing offices. He is currently a partner in Chicago Style SEO working primarily with real estate firms to improve their Internet marketing. Rod lived for nearly ten years in Japan where he owned a corporate training and executive coaching firm with clients including Hitachi and 3M Japan. He lives in Lakeview with his wife and two children. He enjoys coaching and watching his kids participate in sports, cycling, camping, and traveling in general. You can find Rod online on Twitter at @roddesu, Facebook and LinkedIn.

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