Interest Rates Down to 4.63%,Thanks To Greece

Interest rates just went down partly because of turmoil in Greece. How the rich get richer in times like these.

Interest rates just went down to 4.63%, thanks to Greece.

This is very good news for real estate investors as well as the general housing market.

Why?

Markets are down in Europe because of turmoil in countries like Greece.  Also it could be because of low inflation.  But will inflation stay low?

Probably not, if history guides us.

However, it is a fluid situation and a roller coaster ride.  Some experts think the Federal Reserve will keep interest rates down for a while.  For how long, we don’t know.

That means it’s a good time to refinance.

Read Zillow’s News on Fixed 30 Year Mortgage Rates

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