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While the Federal Reserve has promised to keep rates “low” until 2013, it is clear to many experts that the current historical lows we are experiencing will not last.
According to the latest projections from the National Association of Realtors® (NAR), interest rates should gradually rise out of historic lows as we move through 2012.
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This week, the federal government released more details about its revamped Home Affordable Refinance Program, which sets out to allow more home owners to refinance their mortgage and take advantage of ultra-low rates. The program is geared to those who are current on their mortgage but may be underwater, owing more on their homes than [...]Continue Reading →
In an unusual step, the Federal Reserve vowed Tuesday to keep interest rates low for at least the next two years.
The Fed said it’ll keep its key benchmark interest rate near zero through mid-2013. The Fed’s commitment was welcome news to many in the real estate industry who see it as a positive move [...]Continue Reading →
On July 15, 2011 By ryanmooch
Although mortgage rates have remained steady for several weeks, economic stress here in the U.S. and abroad in Europe is putting enough pressure on investors who are seeking safety and driving MBS prices higher. Freerateupdate.com’s daily survey of wholesale and direct lenders show that, except for jumbo 30 year fixed mortgage rates, all other mortgage [...]Continue Reading →
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Details of the Recommendation: "I have worked with Ryan in many capacities over the past several years. He has always been forthwright and personable with a good knowledge of the market.