The Bond Market's Rise

This past week has been amazing as stocks have fallen which has pushed the Bond market higher than we've seen at anytime this year. The fallout over Greece's failure to meet its debt obligations and the falling EU, has made the US Bond Market a safe place for investors to store their money.

What does all this mean to the mortgage business and your ability to use this as an opportunity save thousands of dollars? I'll try to explain! If you currently have a 30 year fixed rate mortgage, and have a some equity in your home, you could take your loan rate down to 4.5% and save thousands of dollars over the life of the loan, plus increase your net cash flow by not paying as much for your monthly home investment. Another thing, you may have...say 22 years left on your current 30 year loan and would enjoy having the property paid for sooner, you could take out a 15 year loan at 4% or less, depsnding on the market, knock off seven years off your payment schedule, and save a ton of money in interest! If you want to have the numbers on your particular situation then visit my website, www.joeharris.com or send me an email. There is not cost or obligation, be happy to help.