Friday, September 23, 2011
A Message on Mortgage Debt from the World
Just a quick note to parish finance committees from Joe Six-Pack, Catholic layman (in the world, but not of the world). The chart above shows the interest rate on the 10-Year U.S. Treasury Note from 1962 until the present. See the dot on the chart in July 2001? That is just for your reference. The 10 Year Treasury is a bench mark for mortgage rates. If at all possible, it's probably a great time to refinance parish debt. Or your own mortgage if you can (and haven't already).
That is all.