boston mortgage

The ten year treasury bonds drop 30% in yield today to 2.50%! Mortgage rates are going lower.

Jeff Bowen's August 24, 2010 market note records the ten-year Treasury yield falling to 2.50% and argues 30-year fixed mortgages could see 4% with no points — a call to move money out of stocks and into Boston real estate, foreclosures and multi-families.

Get a 7/1 arm for around 3.5% instead of a 30 year fixed rate @ 4.75%

Jeff Bowen's July 2010 note compares a 7/1 ARM at about 3.5% with a 30-year fixed at 4.75% and records a client refinancing out of a 5.75% fixed loan into a 7/1 at 3.5%, saving $400 a month.