A sense of urgency is what has been prevalent over the past couple of weeks but it seemed that an agreement would always come at the absolute last moment. Now, although it seems that we will avert our "never" it has yet to be seen if the credit agencies will reduce our "never" lower then AAA credit rating.
On the plus side, the bond markets have been basically assured that bond holders will get paid no matter what and this has caused a small 2 day rally in mortgage backed securities, leading mortgage interest rates to drop to 2011 lows. While there is still a lot of uncertainty and the next 24 hours can go a long way to seeing where we will end up, the sense of urgency for buyers and those wanting to refinance should be at an all time high.
About Tamir Lahav
Tamir Lahav joined Peak Finance Company in May of 2006. Lahav brings to the table a strong understanding of how all aspects of the mortgage business impact consumers and their ability to obtain affordable mortgages under any economic climate. His advanced product knowledge, combined with an exceptional customer service ethic and insight into market conditions, have made him a valuable asset to the Peak Finance Company team. Lahav successfully merges his expertise of exceeding customer expectations with knowledge of changing market conditions to successfully help all of his clients find the perfect solution for their needs.Tamir can be reached at tamir@peakfinanceco.com.
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