While I think that you are probably safe from swine flu (for the most part), it is still causing a great deal of worry. And that worry is not only shaking up financial markets, but it is also creating a climate in which your mortgage interest rate could be lower. Risk aversion means that mortgage interest rates are dropping as safer investments (like bonds) become more popular. The Mortgage Reports Blog has this on swine flu and your mortgage interest rate:

Whatever you call it, though, mortgage rate shoppers are squealing with delight right now. In a week in which mortgage rates were supposed to face upward pressure from new economic data and a Federal Reserve meeting, fears of a pandemic virus are hogging the headlines and leading mortgage rates lower.

Traders are nervous that Swine Flu will slow the recovering economy’s growth and that is drawing money into mortgage-backed bonds.  Conforming mortgage rates have improved by 0.125 percent since Friday’s market close as a result.

Mortgage rates are already at lows, and now they are a little lower. If you can lock in a good interest rate soon, you are likely to be in good shape.