Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
Interest rates are at historic lows and home prices are still very attractive. However, with rates and prices so low, they have no where to go but up. In fact, prices in many areas are already moving upl and rates will eventually follow. No one really knows when this will happen. But the one thing most experts agree on is this:now is the perfect time to buy a home. If you're seriously considering buying a home, then your first step should be to get preapproved by a licensed and highly recommended loan officer at a reputable direct lender. The preapproval is free and will include a complete review of your financial and credit profile to determine the best mortgage product to help you make your purchase as well as expected interest rate, payments, terms and conditions. I have extensive experience helping first time buyers become successful homeowners with affordable fixed rate mortgages throughout NYC and the suburbs. My main office is in nearby Syosset. For more info, I can be reached directly at 917.699.0183.
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Michael Denniston l Cell: (917) 699-0183
Residential Home Funding, Corp.
Licensed Mortgage Loan Originator l Sales Manager
6901 Jericho Turnpike Ste. 219 | Syosset, NY 11791
Main: (516) 605-1733 | Fax: (888) 881-2557
NMLS # 24076 | Company NMLS # 34973
Supply and Demand
So, if the 10-year treasury note is such a competitor of mortgage securities, what drives its rate? The U.S. government's need to raise cash can drive it up to attract more investors. Another government's needing a safe place to store its surplus can drive it down. A drop in confidence in the U.S. government or fear of inflation can drive it up. A fear of other equities can cause a flood into government securities. Higher returns in developing countries can cause an exodus from T-notes.