Comment about: Home Loan Rates Are Soaring This Morning
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| January 23, 2008 | | This reinforces the point that market volatility suggests locking a home loan rate now | | U.S. stocks rose nearly 600 points from their morning low, pushing the Dow industrials up 298.98 to 12270.17. There have been just nine days with 500-plus point swings since 1995, many occurring at major market turning points. This level of volatility demonstrates that professional investors have great uncertainty about the economy at this time and we in the real estate industry need to perserve the low interest rates available now for any client about to make a home purchase. | |
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