Alex Stenback from RMG has some good insight on the latest “operation twist” from the Federal Reserve and it’s likely impact on mortgage rates. He says it’s quite possible we’ll see mortgages in the mid 3′s – certainly upper 3′s is a no brainer.
Those involved in purchase transactions or even refi’s and are waiting to lock, stay in close touch with your loan officer to see if you won’t be able to pick up an extra 1/4 to 3/8ths of a point over the next week or two.
- Federal Reserve “Operation Twist” Is a Plan That Even Oliver Wouldn’t Want More of (bonjupatten.wordpress.com)
- Lack of equity can derail attempt to refinance mortgage (thefairclothteam.wordpress.com)
- US Federal Reserve agrees new stimulus for economy (telegraph.co.uk)