Mortgage Rates Retreat

26.05.10

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MELISSA BLOCK, host:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

The economic turmoil in Greece and across Europe has caused considerable jitters among U.S. investors. But for the moment, it's also created a nice fringe benefit for American homeowners and would-be homebuyers. Mortgage rates here have been falling, once again below 5 percent on a 30-year fixed rate loan that matches their lowest level in 50 years.

NPR's Chris Arnold reports.

CHRIS ARNOLD: For the past couple of weeks, the world has watched what could be a fresh financial crisis brewing in Europe. Protestors in Greece clashed with riot police. They're hitting their plastic police shields with rocks and sticks.

(Soundbite of rocks and sticks)

ARNOLD: But what does all that have to do with mortgage rates for houses in the U.S.? Well, what's been happening is that frightened investors have been pulling their money out of Europe and they need a safe place to invest it.

Source: NPR

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The Time May be Right for You to Refinance Your Vehicle Technorati (blog)
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table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFbb1Cm8atSmGW0QSHJ81QDsR1angamp;url=http://technorati.com/business/finance/article/the-time-may-be-right-for/img src=http://nt1.ggpht.com/news/tbn/MVwERNQHFjL3rM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Technorati (blog)/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFbb1Cm8atSmGW0QSHJ81QDsR1angamp;url=http://technorati.com/business/finance/article/the-time-may-be-right-for/bThe Time May be Right for You to bRefinance/b Your Vehicle/b/abr /font size=-1bfont color=#6f6f6fTechnorati (blog)/font/b/fontbr /font size=-1You are probably familiar with bmortgage refinance/b options, but have you looked into the possibility of vehicle brefinance/b options? The purpose behind this is b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dUoFXH_JiZ1qQJMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHK7-Rg49gKyF7zyApYojUENkM0rwamp;url=http://seminal.firedoglake.com/diary/69071bWatercooler – Stuck With A “Too Big To Fail” bMortgage/b/b/abr /font size=-1bfont color=#6f6f6fFiredoglake (blog)/font/b/fontbr /font size=-1My sister has a bmortgage/b with Wells Fargo in Santa Maria,California. After talking to several banks(no bmortgage companies/b),she went with Wells Fargo because b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dov4n83lhRJW4eMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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Mortgage Refinance Applications Continue to Increase as Rates Decrease LoanSafe
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