Significant rate hikes are on the near horizon.
Good Monday Morning!
We knew the day would come when the Fed's apetite for bonds would dwindle and interest rates would begin the rise. With last weeks announcement by Fed Chief Ben Bernanke that the Fed would stop buying bonds later this year, mortgage rates jumped the gun and increased. My guess is this was just a gut reaction and that mortgage rates should not take any huge increases yet. The message is clear though that significant rate hikes are on the near horizon. This means that if you are considering a refinance of your existing home or considering purchasing a home the time is now if you want to take advatage of the low interest rates.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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84446 N Enterprise Rd
Wonderful Country Living! Over 2 acres of beautiful pasture, large fenced yard, barn, corral & tool shed. Stall in back of barn could be great shop. Attached 2-car garage with shelving, plus carport. Large living room with 2 fireplaces, dining room,...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
