Mortgage Interest Rate Tip For Those Deciding To Refinance

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Services for Real Estate Pros with JB Brookman Photography

A little interest rate tip for those considering whether to refinance or deciding whether to lock in their rate...

The New York Federal Reserve, yesterday, reported that it purchased 21.7 billion dollars worth of MBS (mortgage backed securities) from April 9 through April 15.  The purchases were mainly concentrated in the 4% to 6% coupon range. 

What this does is tell us that mortgage interest rates have little chance for more improvement... unless, the FED starts purchasing 3% to 3.5% coupons.

JB BROOKMAN

SENIOR MORTGAGE CONSULTANT

SOUTHERN CALIFORNIA REFINANCE SPECIALIST

CASTLE HOMES AND ESTATES

310.502.9877

WWW.TEAMJB.COM

jb@castlehomesandestates.com

Serving the cities of Beverly Hills, Ladera Heights, Culver City and beyond...  Southern California refinance specialist JB Brookman.  310.502.9877

"Because We Know Your Home Is Your Castle"

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interest rates
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