European financial meltdown is still keeping US mortgage rates low
Think we have financial turmoil in the US? A quick look across the pond will show that the Europeans are at a critical crossroads as they consider the best options to help bankrupt Greece. This is the equivalent of the US bailouts times 100. Is there a country that is too big to fail?
For the US mortgage market, the timing could not have been better – not that this is a good thing by any stretch. However, the concerns about European sovereign debt have created a flight to US securities, which are viewed as a safer investment for now. What was a Greece problem is now much bigger, as Spain is headed down the same path in the near future. This morning, European and German officials assured markets they were working quickly on approving a bailout for Greece in an attempt to keep the country’s debt crisis from dragging other EU countries down with it.
So, just as yours truly thought interest rates would increase due to the Fed not buying up mortgage bonds, the situation in Greece has kept demand for US bonds high for the time being. How long will it last? That is anyone’s guess. For now, enjoy low interest rates.
From Our Customers
From high debt to financial freedom!
I remember how desperate we were when we came to Debt Fast Track. We had over $50,000 credit card debt alone as a result of years of sloppy business decisions. We signed up in January, 2000... (and) five and a half years later we are in control of our money. All of our credit cards are paid off completely... our credit score is over 800 now... (and) when emergencies come up, the money is there! No stress!
We feel everyone at Debt Fast Track has been unselfish in working with us — only recommending those things that will bring about our ultimate goal — to be financially free! It is possible to run your life and your business debt free when you partner with those who have your goals in mind and have the tools and expertise to help you succeed.
— W. Benson
Integrity and putting us first
Just a quick letter to thank you for all your help with our financial needs over the last couple of years. The plan you put us on (is working) smoothly. After finding that our needs come first, I really feel a trust factor with Debt Fast Track. I feel confident that I am in the best hands, and I know I now have the means to get out of debt a lot quicker. It's refreshing to work with a company that has the integrity that Debt Fast Track has proven!
— T. Larson
A skeptic's life changed!
I was skeptical at first, as there are a lot of shallow promises out there in the financial industry. But today I'm a huge believer! Debt Fast Track made it possible for my wife to quit her job and stay home with our son, something we feel is very important to us at this time. For us the program has been life changing!
— J. Wayman
Discussion
No comments for “European financial meltdown is still keeping US mortgage rates low”