The New Direction of Mortgage Rates

It appears that the Federal Reserve may have made the correct call in not beginning to taper QE3 at its last meeting. September’s employment report, released last week, revealed fewer-than-expected new jobs. Mortgage rates responded as expected, and moved downward on the news. Mortgage rates may be looking for a reason to slide even further downward this week, with many experts predicting that the government’s shutdown may have trimmed as much as a half a percentage point off of our GDP. Traders will have more data than usual to digest this week with many reports due. These include Industrial Production, Retail Sales, both Producer and Consumer Price Indices, and the ISM Manufacturing Index. Additionally, the Fed meets again this week, and will attempt to
keep markets calm and assess what needs to be done to rev the economy up. If the Fed hints that it believes that the economy is losing steam, we could see rates trending even further downward. However, if the Fed points more clearly to a tapering of QE3, rates could even move upward.

About flaloanarranger

“You can find me helping people make the home mortgage experience a positive one.” Since 1998, I have been originating mortgages (Purchase & Refinance) in south Florida. Commitment to Excellence is to help borrowers get the best mortgage rates available and close the loan without any problems. Hundreds of First Time Home Buyers, borrowers applying for FHA, VA, conventional mortgages, jumbo mortgages across south Florida have been served by me and my team. My lending team is in constant communication with borrowers from the beginning to the end of their transactions. We also keep all third parties such as Realtors, title companies, and insurance agents updated at all times. My Home Finder Team is totally service oriented. My favorite thing is to help people obtain a home mortgage loan to buy the home of their dreams. Being able to change someone’s life because I was able to get them a home loan is the greatest feeling in the world next to being the father of two wonderful kids. I enjoy playing roller hockey, cooking, exercising and reading. I've gone skydiving once and would definitely go again. Volunteering is also another passion of mine. I volunteer with Junior Achievement, Habitat for Humanity and several other local organizations. Who I Help: All Real Estate Home Buyers in Florida who want advice from the best mortgage lender. Whether you’re a First Time Home Buyer, a Move Up Buyer or an Investor I CAN HELP YOU! I am based in Delray Beach and an office in Fort Lauderdale. I consider myself an expert in the home mortgage field because I understand the challenges of obtaining a home loan and help my clients and referral partners to avoid the pitfalls. I am my client’s eyes and ears in the financing world. The key to a successful loan is communication. You can reach me at 561-371-5625 Specialties: FHA, VA, Conventional Financing 95% Loan, Jumbo Loan Financing, Refinance Expert, Residential Lending, Mortgage Insurance Expert, Purchase, Refinance, Rates

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