Markets Crashing

As the situation in Japan worsened and the Middle East not getting much better, the Dow Jones industrial average fell over 2% (over 200 points). This isn’t good for the U.S. stock market but represents a great time to lock in a rate for a purchase or refinance mortgage because people are panickedly pouring their money into bonds for security. Since the mortgage market is heavily tied to the bond market, rates are nosediving today.


About Michael Le Clech

I'm an entrepreneur, DJ, mortgage consultant, and author living in one of the best cities in the United States--Seattle! I have a wide array of interests and plan on writing about whatever I see fit. I'm pretty laid back but I have an adventurous spirit and am very ambitious.
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