You’ve probably heard that the Federal Reserve ended its Mortgage Backed Security buying program. The fact is, the Fed did what they set out to do – purchasing $1.25 Trillion in Mortgage Backed Securities and succeeding in their plan to lower home loan rates and help stabilize the housing sector.
But what does the end of that program mean to the markets…and to you? 
First, without the Fed’s support, the markets – and home loan rates – will be much more volatile. This volatility has already begun and probably won’t end any time soon. So it’s important that you work with a true professional who tracks and understands the “why” behind the markets.
Second, even though the Fed stretched out the length of the program to help soften the impact of the end of the program, the training wheels are now off, the safety net is gone, and home loan rates have already moved higher. And since the Fed will gradually become a seller of their massive holdings of Mortgage Backed Securities, rates are very likely to continue to move higher still.
For the time being, however, rates still remain at reasonably low levels – which makes right now a crucial time to take advantage of the opportunities that exist.
If you enjoyed this post, why not connect with me elsewhere?
If you’re looking for a mortgage in the Atlanta area, you can visit my primary Peachtree City and Newnan mortgage lender website at www.wdarrellwalters.com. If you’re interested in Free Business Boosters for Real Estate, visit www.freebusinessboosters.com. Thanks!
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