Interest Rates are Improving!

Now that the government shutdown is over we are seeing some of the effects it’s having on the markets. Had we defaulted, we might have seen interest rates rise sharply. Since we didn’t, confidence has now been restored and investors are once again rushing to buy bonds which is good for rates. Also the negative economic impact resulting from the shutdown has quashed any movement to taper bond purchases by the Fed. Talk of tapering was the reason interest rates were rising over the last few months. With that not being an issue for at least 3-6 months we are seeing interest rates improve. All good news for rates.Mortgage-rates-drop-again

Coastlend Mortgage in Charleston, SC will have the lowest interest rates available to home buyers for Conventional, FHA, and VA home loans. We cover the entire state of South Carolina. We handle purchase and refinance loans including HARP loans for underwater home owners.  Make sure to ask about our No Closing Cost loans. Ask for Eddie O’Neill 843-388-5763 or email me at eddie@coastlendmortgage.com

The Charleston, SC market is experiencing a robust housing market. Interest rates are going down and that’s helping fuel the buying. Refinance loans are coming back as well.