Home > Blogs > David Wright > David Wright's Blog

Rates are Going Up

By David Wright

Mortgage and Lending with Prospect Mortgage

April 03, 2010 03:14 PM

Hello All,

I just thought I would share with you what was released over 4 months ago about the Fed's action to withdraw from the MBS market and how it would affect our market rates. So with the Fed finally exiting the MBS market at the end of March, we will finally see where rates should really be. You have to remeber, you can't fool investors even with political pressure and foolish MBS buying programs. The real movers of rates will now have their day. Which means, investor want their rate of return for their risk. So watch for rates on the rise. Thanks again for reading and have a Happy Easter. God Bless.

David

Re-Blog

Comments(9)

Comment

Show All Comments

Sort:

Tiffany Torgan

Harcourts Prestige Properties of La Jolla - La Jolla, CA

Featured on HGTV's New Show! How Close Can I Beach

Thanks for your post David...this is good to let our buyers know!

Apr 03, 2010 03:16 PM

Dr. Paula McDonald

Beam & Branch Realty - Granbury, TX

Granbury, TX 936-203-0279

David, you have a blessed Easter as well. And, not suprised at all about the rates. It was just a matter of time. I remember the 80's rates though!

Apr 03, 2010 03:16 PM

Iris Shamas

ITS Realty - Scottsdale, AZ

David, I hope the rates don't go up too quickly.

Apr 03, 2010 03:19 PM

Andrew Mooers | 207.532.6573

MOOERS REALTY - Houlton, ME

Northern Maine Real Estate-Aroostook County Broker

It is what it is.

Apr 03, 2010 03:21 PM

Liz Grazi Tuohy

LGT Properties, LLC - Centennial, CO

I think you are right. It is a good thing to tell buyers now who are waiting on the fence. Today, the most important thing is the cost of funds. This is a great time to purchase a home.

Liz Grazi Tuohy LGT Properties, LLC, Centennial, CO lgtuohy@gmail.com

Apr 03, 2010 03:34 PM

Tom Davis

Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE

FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

I did my best to get those buyers the most information like this and those that acted quickly were the one's who will benefit before these rates increase!

Thanks,

Tom Davis

Apr 03, 2010 04:08 PM

Don Spera

CR Property Group, LLC - East York, PA

Serving York and Adams County, PA

I don't work on speculation. I agree with Andrew's statement. You play the cards that are dealt to you, and every so often throw a couple of the cards out and eventually you will get a full house :>)

Apr 03, 2010 04:15 PM

David Wright

Prospect Mortgage - San Diego, CA

David Wright Prospect Mortgage

Thank you all. Rates have moved up recently and your clients depend on you as a professional to share the consequences of this movement with them.

Apr 19, 2010 02:34 AM

Anonymous

JACK DIDLY

NO ONE CAN PREDICT RATE MOVES, EVERYBODY KNOWS RATE ARE LOW, AND A LOT LOWER THEN THEY WERE IN APRIL GUY...

YOU SOUND WORSE WHEN U DONT KMOW WHAT YOUR TACKING ABOUT.........

Jun 29, 2010 06:25 AM