Well folks, the Feds did not scale back on their purchases of MBS, mortgage backed securities, this week like the majority of investors and forecasters expected. The Fed stated that they will wait on further indicators that the economy is stronger before they attempt another scale back. The last mention of a scale back was about 8 weeks ago and that’s when we saw 30 year fixed rates go from about 3.75% to 4.75% in just a matter of 30 days. All in all this is great news to keep mortgage rates low and help us continue to fuel the housing market re-bound. So get out there and keep selling and don’t forget about Supreme Lending’s “15 days from Contract to Closing” promotion. (Excludes USDA & FHA 203k of course). We are putting our money where our mouth is and there are not many lenders willing to put it on the line for you like that these days. Thanks all & have a fabulous weekend!!
Posted on: Fri, 20 Sep 2013 21:35:47 +0000
Trending Topics
Recently Viewed Topics
© 2015