The Veridian Blog

Despite the long-awaited resolution to the debt ceiling, the major stock indexes went into heavy selling today for the third straight trading day.  Treasuries were the big beneficiary and mortgage rates have plummeted, yet again, to all-time lows.  Unbelievable.

The benchmark 10-year Note fell to 2.62% - levels we haven't seen since the untouchable year of 2010.  Many wholesalers have revised pricing two or three times today, lowering rates from 0.25 to 0.50 discount points.  For those interested in refinancing, this is the start of another boom period.  Some quick tips - act now, act quick!  The sooner you get your transaction started, the sooner you can lock-in on these mind-boggling interest rates.  Turn times will likely balloon very quickly so every day matters.  We do not charge any application fees or rate-lock fees... why wait?   Call now!