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Utah Rates, Programs, Purchases or Refinaning by Utah's Mortgage Guy

Mortgage Market Update October 25th 2010

October 25th, 2010 11:17 AM

The Mortgage backed securities are holding steady today.

I recommend locking if you are closing in the next 30 days.

All the talk of Quantitative Easing is lowering the value of the US Dollar and encouraging investments in the US stock Market. We will likely see a good market reaction and a good Bond reaction this week.

The fed could announce the purchasing of Mortgage Backe3d securities and bonds on November 3rd which will be a big play in their Quantitative Easing Plan. This should keep bonds low for the near future.

The bigger boost will be for Exports will should hasten our recovery.

Existing Home Sales came in higher again this month as consumers are realizing the benefits of low rates and Low home prices and getting there dream home at 20, 30 even40% discounts off of 2005-2007 home prices.

Please call me 801-253-HOME(4663) if you or anyone you know has any questions regarding a home loan purchase or refinance.

Thanks, Kelly Whytock

Posted by Kelly L Whytock on October 25th, 2010 11:17 AMPost a Comment (0)

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