The Federal Open Market Committee Holds Steady With Mortgage Backed Security Investments The Federal Open Market Committee (FOMC) of the Federal Reserve decided to continue its current policy of quantitative easing (QE) based on current economic conditions. The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly. Objectives for the QE program include: Keeping long term interest rates, including mortgage rates, low Supporting mortgage markets Easing broader financial conditions FOMC repeated its position of evaluating QE policy based on inflation, the unemployment rate and economic developments. Members of the FOMC determined that … (0 comments)
Many of us know all about compound interest and how it works. You may now ask what does compounding have to do with home ownership and mortgage financing. Good questions and below, we’ll provide not just the answers but why you want to know them.
Simple vs. Compound Interest –As you can see in the chart above, “simple interest” accumulates far less quickly than compounding interest. What’s important to realize as it relates to financing a home is that the typical mortgage loan is paid based on … (2 comments)
I literally fell into this business, 42 feet to be exact. Straight down an elevator shaft 17 years ago. Ever since I have been a Colorado loan officer - My goal is to always make the loan transaction as stress free as possible and to always close on time. For some reason lenders forget that contract dates actually mean something. Go figure...right? Weird, I know! - I Currently sponsor weekly training webinars that feature ways to help your business by presenting cutting edge, innovative technology, strategies and transforming ideas to meet current market conditions. - I believe that success breeds success and that we are at our best when we are helping others to succeed. Basically a Zig Ziglar fan. :)
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