Rate Watch

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Mortgage and Lending with Ruoff Home Mortgage 234777

 

 

  Should be a jittery couple of days for MBS pricing ( Mortgage rates) in anticipation of the Wednesday afternoon statement from the FOMC meeting about the future of the Feds bond buying program. This is the primary factor that has been keeping mortgage rates artificially low for the last few years. As the economy starts to pick up steam , the Federal Reserve will probably curtail bond buying. So as Wall Street prepares for this statement to come out , they are driving up the     yields on 10 year  T Bills.

If they announce that bond buying will cease soon, I feel we will see a dramatic rise in rates. I feel we are headed higher but just how quickly remains to be seen.

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Greg Miller   
Mortgage Loan Originator 
NMLS # 234777
www.Ruoff.com
gregm@ruoff.com

941-552-9989


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fomc meeting

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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Hoping for good news for rates tomorrow - can't afford rates to move up any time too soon, and I'm sure the Fed realizes this.

Dec 16, 2014 09:51 AM #1
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Greg Miller , That may be a bad sign if the rates go up.  We will hope for the best.

Jan 11, 2015 07:39 AM #2
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Greg Miller

Florida Home Loans - Conventional,FHA,USDA,VA
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