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.

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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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