The mortgage industry received some unexpected and exciting news this morning. The Fed has announced that it will purchase $600 Billion worth of Mortgage-Backed Securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae. This will increase the availability of credit and therefore lower fixed rate mortgages. We have already seen this take place in [...]
Filed under: Mortgage | Tagged: Fannie Mae, Fed, Freddie Mac, Ginnie Mae, Mortgage-Back Securities | Leave a Comment »
Because this is Thanksgiving week, I’m not at all inclined to talk about work. However, because you help support my family through referrals to my mortgage company, I should probably mention something related to mortgages so here goes: Rates are low, buy or refinance now!! Is that good enough? Now on to something much more [...]
Filed under: Family | Tagged: Family, games, recipes, Thanksgiving | Leave a Comment »
We’ve heard the bad news again and again recently. I understand full well that we’re in a time of economic uncertainty at present. In fact, maybe it’s not an “uncertainty” in your case, but more of a “certainty” as you too are feeling the pain of an economic downturn like we haven’t seen in at [...]
Filed under: Market News | Tagged: Inflation, market reversal, mortgage interest rates, PPI, VA Loan | Leave a Comment »
