Mortgage rates and unemployment rates are two of the most influential elements in economic activity in the U.S. When the U.S. government incurs high debt, interest rates tend to rise. So why haven’t interest rates risen recently in light of the national debt crisis? Ahhhh… good question. And the answer is that the government is intentionally keeping the interest rates low in order to help the economy. A few years from now, hopefully, these tough times will be a thing of the past. And interest rates will rise again.
The moral of this story is… that now is a good time to buy a house or to refinance your existing mortgage. All interest rates are at record low levels. If you live in New York or Connecticut, give us a call at 877-451-3100 or use our Contact Us page to inquire about our low interest rates. Let’s get you that home loan and get you on your way to the American dream of owning your own home.
– Bruce Lublin, President
Homerica Mortgage Corporation – Your first choice for mortgages in New York and Connecticut
