Not so fast, yesterday Bloomberg interviewed 16 big firms that buy treasuries paper and out of the 16, 15 do not feel the Fed will raise rates this years. Now that’s better news but why is the rates moving lower?
Well when you have 62% of Wall St traders saying the Fed will raise rates this year due to the Fed’s need to controlee inflation we have a mixed message in the markets.
Home buyers talk to a loan officer that can offer not only loans from their banks but if they can offer to broker the mortgage. I offer loans from the bank I work for AMG but if there is a better rates for instance from Wells Fargo I will offer the Wels loan to my client.
If you are looking at refinancing your home move fast because the rates of historic lows are a thing of the past and if traders work into the market the fact the Fed will NOT lower rates or even keep them the same, you will be dealing with the issue of the market factoring the next time the Fed meets.
Get pre-qualified today to see what is available for you by multiple banks.
Aldo Grillo NYS Real Estate Sales Agent Charles Rutenberg Realty 718-701-5650 Office 718-701-5650 Fax Email: aldo@NewYorkRealEstateValue.com Web: www.NewYorkRealEstateValue.com Mortgage Rates: www.SureRateLock.com
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Rutenberg Realty Inc.127 56th StreetNew York, NY 10022
Rutenberg Realty Inc.
127 56th StreetNew York, NY 10022
Charles Ruturnberg Realty, Inc.255 Executive Drive Suite 104Plainview NY 11801
Charles Ruturnberg Realty, Inc.
255 Executive Drive Suite 104
Plainview NY 11801
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