Interest Rates Should Be Dropping
March 20, 2009
by Jocelyn Predovich
Interest Rates SHOULD be Dropping!
The fed announced yesterday that it will buy $750 billion in mortgage backed securities along with keeping the fed funds rate between 0-.25%. They also announced their plans to purchase an additional $300 billion in longer term treasury debt, totaling their investment to over $1.25trillion.
For those of you thinking about refinancing, get ready! This is what you’ve been waiting for.
If you’ve already spoke to me regarding refinancing, I will be in touch with you once rates hit your “target rate”. Feel free to email me for an update, if you don’t hear from me.
For those of you who have a target rate in mind, email me the rate you’re waiting for, so I can keep you properly updated.
Getting preapproved requires a 10 minute phone call. Feel free to call Jocelyn Predovich Licensed Mortgage Consultant 303-325-3578 or email her at jocelyn@limetreelending.com, to discuss this opportunity.
