My Thoughts for the Week of July 21, 2014

Mike Thomas

Mike Thomas

With growing tension between Putin and the US over the downed Malaysian airliner, increased fighting between Israeli troops and Palestinians, and ongoing instability in Iraq, geopolitical news is controlling the markets right now. There has been a fair share of positive domestic economic reports recently, enough to cause interest rates to move higher. But with all that is going on overseas, it is causing panic and assets are being parked in Treasury bonds keeping interest rates down. These are the sort of events that can’t be predicted and no way of guessing when they will be resolved. But for now interest rates are continuing near their 1 year lows and presenting renewed opportunities for purchase and refinance loans. Check out the improved Govt rates below. VA IRRRL and FHA Streamline refinances are fast and easy and may save you some money. Give me a buzz and i’ll take a look at your scenario and let you know if it’s worth pursuing.

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