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Health & Fitness

10 Year Treasury Drops to Record Low

10 Year Treasury Bond Drops to Record Low

If you haven't refinanced your house or you are thinking of buying a home... NOW maybe better than ever to do so!

The 10-year Treasury yield continued to set new record lows Thursday morning due to a mix of negative economic indicators both overseas and in the domestic market.

The 10-year yield, which until fiscal concerns in Spain and Greece increased Wednesday had a 52-week low of 1.7%, dropped even further to below 1.6%.

Find out what's happening in Northportwith free, real-time updates from Patch.

The Thursday morning decline follows the release of a report suggesting U.S. private sector job growth is weaker than many thought.

With the opportunity of being able to refinance with these historically low interest rates millions of Americans are saving themselves $100's monthly. And for new homeowners their mortgage payments are even more affordable than ever before.

Find out what's happening in Northportwith free, real-time updates from Patch.

I will leave you with one thought... just because rates are low do not be so quick to cash-out and spend your equity or if you are looking to purchase don't look at houses in a higher price range.  Live within your means and be comfortable because at the end of the day we all want to make sure we put ourselves and family in the best situation possible.

Provided by  Michael Vassallo (Licensed Mortgage Banker)

For more information 631-806-5569

mvassallo@financialequities.com

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