Brentwood, TN (May 22, 2012) Churchill Mortgage Washington, DC is offering weekly updates on mortgage rates in DC. Through the companys website, they provide important insights on what is happening in the market and how it affects interest rates.
These updates are can be found on their blog at www.washington-dc.churchillmortgage.com/blog. Their posts include advice and discussions on bonds and the like. For example, when bonds go down, they claim rates actually go up while, on the other hand, if bonds are going up, rates are actually coming down. Learning about this inverse relationship between bonds and mortgage rates is crucial.
Its also worth noting positive economic news is often bad for interest rates. Churchill Mortgage Washington, DC claims, [i]nvestors want the greatest return on their investment and retailers can usually increase prices in a good economy, yielding greater profits for companies and attracting investors to their stocks. For bonds to compete, the yield or rate of return must go higher which raises mortgage interest rates.
As of May 7, 2012, according to the Fanny Mae bond chart, the market has shown no inflation. This usually occurs when companies are confident enough about the economy and raise their prices. Consequently, bonds have steadily gone up and Washington, DC mortgage rates are low.
In this case, its safe to say its a good time for homeowners to get their mortgages or refinancing approved. They can take advantage of the low Washington, DC mortgage rates. Those who are still not sure if refinancing is the best option for them can take advantage of the Free Home Loan Report from Churchill Mortgage that can be found on their website www.washington-dc.churchillmortgage.com.
Churchill Mortgage is dedicated to helping their clients find the kind of home loan that would suit their respective financial situations. In addition, they offer valuable information and reports that enable their clients to make the best decisions when it comes to DC mortgages.
To find information on mortgage rates DC residents can rely on, visit www.washington-dc.churchillmortgage.com today.
About Churchill Mortgage
Churchill Mortgage offers flexible programs and competitive rates for DC mortgages. This company is a multi-state accredited lender that provides their customers with conventional, FHA, and VA residential mortgages across 25 states. They are an established leader in their field with over 20 years of experience. Churchill Mortgage also provides appraisal management services, title insurance services, and more.
