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interest rates: What The Fed Is The Treasury Department Doing? - 01/19/09 09:32 AM
Since December 2008 the Federal Reserve and the Treasury Department have been purchasing Mortgage Backed Securities on the secondary market. This has served to push mortgage interest rates down to historically low levels.
 
Why have they been doing this? What I’m about to say is strictly my musing. This is based on sheer speculation. I have no proof. Just my opinion, if you will.
 
To put this in context we need to look back to the September-October 2008 timeframe. You remember, about the time we suffered a near financial collapse.
 
There is an accounting principle called “mark … (11 comments)

interest rates: When Sitting On The Fence: You May Get Off, Fall Off Or The Fence May Break - 01/17/09 05:41 PM
 
Most of you are aware that we are in the midst of a refinance boom. The basic mortgage interest rate has been below 5% for about a month now. Interest rates will vary for each client depending on a variety of factors.
 
This week, the week of January 12-19, 2009, I characterize as the week of the fence sitter. I know this must be true, not only in Eastern North Carolina, but elsewhere. I’ve read a couple of posts this week along the same subject line.
 
Jason Sardi, from Allentown, PA was one that I read and another … (4 comments)

 

Jay Williams, Mortgage Loan Officer Getting You The Right Loan

Greenville, NC

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Greenville, NC

Address: 218 E. Arlington Blvd, Greenville, NC, 27858

Office Phone: (252) 493-4802

Cell Phone: (910) 527-1809

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