The Senate recently passed a budget resolution which will greenlight the $1.9 Trillion Dollar relief package. This means that more Treasuries will need to be issued to pay for this package. The additional supply of Treasuries in the marketplace can cause rates to move a little higher. If you have been thinking about refinancing or […]
Recent Move In Rates
Rates have risen a little recently, due to the market’s concern that there will be increased spending, debt, and inflation. The 10-Year Treasury yield is now at its highest level in a year. How can this happen when the Fed Funds Rate remains at zero? Let’s remember that the Fed Funds Rate and Mortgage […]
The Fed’s Confusing Message
You may have recently heard that the Fed announced that they think the Fed Funds Rate will remain at zero through at least 2023. First and foremost, the Fed Funds Rate and Mortgage Rates are two totally different instruments. The Fed Funds Rate can change from one day to another, but a Mortgage Rate may […]
Interest Rate Changes Affect MA Mortgage Pre-approvals
Interest rate changes affect MA mortgage pre-approvals – how percentage changes in interest rates will affect purchase price limits for borrowers