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HomeDo Not Wait to Refinance
Posted by Larry Doyle on April 1st, 2010 11:30 AM |
If you are in a position to refinance your mortgage, I would not wait. Why?
The largest buy program in the history of the U.S. mortgage market just ended yesterday. That program, part of the Federal Reserve’s quantitative easing, purchased $1.25 trillion in mortgage-backed securities. In the process, the Fed brought mortgage rates down somewhere in the vicinity of .50% to a full 1% from where they would likely otherwise be. (more…)
A Picture Is Worth A Thousand Words
Posted by Larry Doyle on May 29th, 2009 10:47 AM |
This video clip with graphs provided by the Financial Times addresses the surging rate of delinquencies, foreclosures, mortgage rates, and Treasury rates.
The historical view provided by these graphs gives us reason to pause and question the potential for a near term real economic recovery.
LD
