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After slowly rising for more than four straight weeks interest rates on government-backed and conventional mortgages finally dipped again over the last few days. The dip in rates is a welcome development to folks looking into refinancing. Rates on mortgages largely track the the yields on the 10 year treasury bond and with the recent dip in the stock market, yields on the 10-yr note have dropped as well. If you have been thinking about refinancing to a lower interest rate contact us in the sidebar right away to learn more about the programs available. Dips in rates normally don’t last long so now might be a good time to lock in a better rate.

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