Hilde's Mortgage Blog

We are seeing another high profile financial institutions crumble under financial crises. The 158 year old Lehman Brothers filed for bankruptcy and Merrill Lynch is being acquired by Bank of America. Those two casualties are probably the some of the biggest firms affected.

The bond market reaction to this news is very favorable to borrowers looking for new financing. Rates came down significantly early last week after the news of Fannie and Freddie bail out by the government. Some of those rates came back up a bit later in the week. Although after todays news, rates did drop again.

We may be at the best time for new financing for the year.