It looks like the fear brought about by Greece’s financial woes have helped to keep interest rates
low as investors flee the European markets. The following Contra Costa Times article reports on the low interest rate levels and why investors find bonds a better choice than the European markets. This has affected the affordability of Danville Real Estate by providing exceptional rates and allowing people to pursue purchases of short sale and foreclosed homes. I can’t project how long rates will be this low but it is presenting a great opportunity now.
Mortgage rates at years lowest level – ContraCostaTimes.com.
