What Fed’s bond buy means for mortgage rates.

The recent purchase of government bonds could mean that mortgage rates will go even lower. This article from Moneywatch explains why this may happen. But waiting for this to happen is a gamble that could backfire, since rates are already low and the reduction may have already been factored into the market. If you are in the market for a mortgage or are contemplating refinancing your existing mortgage, pay close attention to this and seek out the advice of an experienced loan officer. Read more

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