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