The Prime Reality

<div class=”utterz-entry utterli-entry”><div class=”utterz-text utterli-text”>Just to clear a misnomer up. The prime rate has almost nothing to do with 30 year fixed rates. The only loans tied to prime that relates to consumers are home equity lines of credit.<br /> <br /><br /> <br />The 30 year rates (which can change many times per day) are tied to the mortgage backed securities market that most people have no access to.<br /> <br /><br /> <br />Yes, rates are really low now and that is because the Fed decided to purchase the mortgage backs to keep the MBS market in line with treasury rates.<br /> <br /><br /> <br />All that being said, make sure you take advantage of these rates by refinancing or purchasing at low rates and prices. <br /> <br /><br /> <br />This zenith of these economic lows will be remembered for years to come.<br /></div><br /><a target=”_new” href=””>Mobile post</a> sent by <a target=”_new” href=””>FredGlick</a> using <a target=”_new” href=””>Utterli</a>. <a target=”_new” href=””><img border=”0″ style=”vertical-align: middle; border: none; padding: 0px;” src=”” alt=”reply-count” /></a> <a target=”_new” href=””>Replies</a>.</div>

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