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Fed announcement could impact mortgage interest rates

Fed announcement could impact mortgage interest rates

The Fed just announced they are not going to taper purchase of bonds at this point in time. This could be impactful news to homebuyers. The reason for the news? The feeling is they want to wait and see, and have a little concern that higher rates could impact the housing market negatively.

If the bond trading can retain its gains today, and stay above the current averages we could see rates go lower. Maybe a delayed rally this year?

Make sure that your lender is on top of market trends, as locking in your rate is more of an art.

Apply Now for your next mortgage and let’s plan your future!

Best~
Ray Williams \ Branch Manager \ Summit Mortgage Denver \ 303-779-0591

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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

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Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

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