A global “flight to safety,” where money flows out of other investments and into the relative safety of US Treasuries, helped draw down mortgage rates last week. A report on China’s manufacturing industry revealed some unexpected contraction, spooking US and global financial markets.
Mortgage rates are likely to be most influenced by the Federal Reserve meeting, this week. It is widely anticipated that the Fed will reduce its bond purchases by another $10 billion per month. If this comes to pass, mortgage rates could go either way. If the market believes that the economy will easily outgrow the benefit of the stimulus, then rates could trend upward. However, if sentiment in the market feels that the economy still may need more boost, then rates could trend downward. This could be especially true, if there is more negative economic news. If the Fed decides not to reduce QE3 further at this time, rates are more likely to trend downward, as that may be interpreted that the Fed has lost a little bit of faith in the economy’s ability to grow without support.
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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