You believe that rates are going lower? Ever hear about the cute one month old blond Labrador puppy, Scotty, which was wandering through the tall green spring meadow grass with a bleach white cow bone bigger than he was tightly clenched towards the back of his jaw? Prancing from one fluttering butterfly to another his puppy drool liberally watered the green meadow grass. Prancing and bounding came to an abrupt halt as Scotty’s front paws stopped in the soft brown mud at the edge of a clear fresh water pond. No wind that morning allowed a dancing mist to suspend just above the pond’s glass smooth surface—not a ripple. Scotty looked down into the pond to see a puppy just like himself with a bone much bigger than the bone he had in his mouth. Drooling excited and saucer eyes wide open Scotty released the bone in his mouth to go after the bone in the pond. Splash and blump, blump—the bone once secure was now sinking into the deep pond–visions of that larger prize now obscured by pond ripples.
March is coming! March is coming! In my industry we say: “Interest rates march upward in March”. Why do we say this? March is the gateway to Spring. As the weather improves, most people start thinking about refinancing their current home or financing a new home. This rising finance activity increases the borrowing demand and with higher demand comes higher interest rates. Don’t be like Scotty. Today’s interest rates are again at historic lows. Call today and secure your low mortgage interest rate.