WOW, WOW, WOW!!! We’ve had an amazing bond rally which puts us close to being at an all time high (shown in the graph above). The 10 year treasury is not far behind either. Virtually every piece of news that has come out in the last week has been bond friendly AND bad for our struggling economy that is now suffering from crack withdrawal as second quarter has ended.

All this news and bond rally should bring us to record low interest rates, but know that a large correction can occur anytime and put the bond back to what it was before the rally.

This week should be the time when you should lock in your interest rate and move forward with your purchase or refinance. If you would like to apply using our printable application click here to be directed.