Bill Zimmerman's Weekly Tip - What Did Interest Rates do During Today's Stock Market Sell Off?

Wow. What a ride. And it's most likely not over, yet... The S&P downgrade of the U.S. government has caused a major sell-off in the stock market.

But, did you know that Fannie Mae and Freddie Mac were also downgraded because of their reliance on the US government for operational solvency?

So, what did that mean for interest rates today?

I've put together a brief video to show you exactly what happened in the mortgage bond markets here: http://www.youtube.com/watch?v=z8KKy9idYUk

Hopefully, this will help you better explain to your clients what's going on and how it affects their home buying decisions. These are unsettling times and market volatility seems to be the new rule rather than the exception. As always, feel free to contact me if you have questions or concerns about the markets and interest rates and I'll be happy to share what I know.

Your Partner in Greater Success,

Bill Zimmerman

PS - If you're a Treasure Valley (Idaho) real estate agent and want free, exclusive access to great sales and marketing information above and beyond what you see in this blog, join the Pinnacle Club for Realtors at www.ForIdahoRealtors.com. You'll be glad you did!