Collection Services company, Rapid Recovery Solution, Talks about The Decrease in Mortgage Rates

News provided by

Rapid Recovery Solution, Inc

Jul 24, 2013, 06:00 ET

Bohemia, NY (PRWEB) July 24, 2013 -- On July 24, Rapid Recovery Solution, Inc. is keeping a close eye on U.S. home mortgage rates.

An article ABC News from July 18, titled “Mortgage Rates Cool Down to 4.37 Percent,” may give some prospective homeowners a reason to be optimistic. The article describes the 4.37 percent rate on 30-year loans as being lower than last week’s rate of 4.51 percent. While the rate is still up from last year’s 30-year loan of 3.53 percent, this can still prove to be a great opportunity for consumers wanting to purchase a home.

The article attributes the drop in interest rates to Ben Bernanke’s efforts in easing the market’s concerns of the Federal Reserve slowing down on the purchases of bonds. The article quotes Bernanke as stating that the U.S. economy is still in need of a “highly accommodative monetary policy.”

John Monderine, CEO of Rapid Recovery Solution, Inc., provides insight into this matter. “These have truly been turbulent times for home mortgage rates. Consumers in search of homes must remain ever mindful of the rates, as they seemingly change daily." He offers more advice for prospective buyers. “Accounts receivable collection agencies like Rapid are urging consumers to not be deterred by these relatively marginal increases. The days of 10 percent and over mortgage rates were not too long ago, so locking in a rate below 5 percent is still a bargain.”

Founded in 2006, collection services company, Rapid Recovery Solution, Inc., is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.

Sean Nolan, Rapid Recovery Solution, Inc, http://www.rapidrecoverysolution.com, +1 (866) 944-8610, [email protected]