Let’s Twist Again, Like We Did Last Summer

How do you stimulate the economy without spending any money? You do the twist and shuffle. The Federal Reserve announced Wednesday that it would engage in a new policy known as “Operation Twist,” consisting of selling shorter-term Treasuries and using the proceeds to buy longer-term government bonds. The Mortgage Bond markets soared today after the surpriseContinue reading “Let’s Twist Again, Like We Did Last Summer”

World Events Spark a Short-Term Drop in Home Loan Rates

Is this the last opportunity to purchase or refinance at bargain home prices and rates which are at record lows? For the past several months, rates have been rising from the historically low levels they reached during the second half of last year. These rates presented a great opportunity for homeowners to refinance their homeContinue reading “World Events Spark a Short-Term Drop in Home Loan Rates”

Historic Low Mortgage Rates, again?

How many times have you heard that “Mortgage rates are at historic lows!”? You’ve heard this line when rates were at 6.0% and 5.50% and 5.0%. You’ve heard it so many times it may not even register anymore. But have you taken the time to speak to a mortgage specialist who can guide you throughContinue reading “Historic Low Mortgage Rates, again?”

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