The emergence of the so-called Negative Interest Policy (referred to as NIRP by the financial talking heads) in Europe has had a startling effect on U.S. Mortgage rates. As an ugly European banking emerges, investors dive for safety into the U.S. bond market, which is driving mortgages rates lower than many thought possible.
Take a look at this graph from www.Bankrate.com. How long will rates remain in this historically low territory is not something we will try to predict.
What we will say is, strike while the iron is hot. If you are interested in either residential or commercial real estates, we welcome your call and will help you understand what these rates might mean for a real estate purchase.