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CHICKEN LITTLE -- The Fed is Meeting!!! No rate worries, Henny Penny!
CHICKEN LITTLE -- The Fed is Meeting!!!
No rate worries, Henny Penny!
 
                                                                       
 
Mortgage advice comes in every flavor under the sun. Take the Federal Reserve March 2017 Meeting dire predictions and worries for example. That's the reason for the Chicken Little/Henny Penny reference.
 
Let's follow the comments of John Meussner - Loan Originator in CA, CO, DE, FL, GA, MD, NJ, PA, TN, TX, and VA for this topic:
"Today is another example why you can't listen to most "professionals" -
those fear mongering you into buying a home now "before the Fed raises rates!". The Fed raised rates today, and as I expected, mortgage rates are improving dramatically. If anyone tells you the Fed will cause your mortgage rate to rise,
rest assured they're more worried about their own wallet than yours.
"Instead, work with someone that knows the markets, has real insight on rates
and their direction, and will be honest with you so when you're ready to buy, you're prepared and can rest easy that you'll get the best financing available.
"Yes, rates are moving up. That's not a reason to rush a decision as big as a home purchase."                   ... more

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