“The swift increase in rates in the past two days is a result of US debt continuing to increase that appears to have finally softened the demand for Treasury borrowings. The three Treasury auctions this week didn’t get the demand that Treasury debt has seen for the last year. The spike in rates and less demand for US debt in large part was triggered by the health care bill according to traders we spoke with yesterday. As we noted when the bill was passed, it is a budget buster; Obama and Dems tried to spin it as saving $300B on the deficit over the next few years. That may have sold to consumers but the markets didn’t and won’t buy it; the health care bill will add significantly to the deficits over the years…” – David Shirmeyer

We want to make sure that our customers are always positioned to take advantage of the best rates that are available.  Consequently, we encourage our customers to “set the table” by first completing a mortgage application on our website.  Since there are so many factors that can affect interest rates, like health care, waiting and watching can often cost you money rather unexpectedly.

Today is the day to get the process started.  With interest rates still at historic lows, it is worth looking at how you may be able to save money.  What can it hurt, right?  Please let us show you how we can help… contact us today!

We are pleased to announce the arrival of Randy Harmon as ABBA First Mortgage, Inc.’s newest team member. Randy comes to us with an extensive background in real estate and as a result of his expertise, we are even better equipped to help you navigate the waters of purchasing a home in this difficult market. Randy brings a high level of integrity and enthusiasm to our business and we value his contributions as we continue to expand our operations to better serve you.

Feel free to contact Randy at 866-676-3349 or Randy@AbbaFirst.com.

Finally, the decision to choose a mortgage company for home financing has been made easy again- choose ABBA First Mortgage, Inc. for all your mortgage needs. Please contact us today to discuss how we can save you money on your next mortgage.