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MORTGAGE RATES IN THE FUTURE

Posted by Laura Calabrese on Aug 27, 2013 in Real Estate Blog | Comments Off on MORTGAGE RATES IN THE FUTURE

The Fed has been buying $85 billion of Bonds a month to help stimulate the economy and housing market. As you may know, home loan rates are tied to the Mortgage Bonds which are a part of this monthly sale.  Because of this, the home loan rates have stayed relatively low.

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Just how long the Fed will keep buying these bonds is up for discussion and key to this decision  will be the economic data in the coming weeks.  It is possible that this stimulus could taper off as early as mid-September causing the mortgage rates to increase.

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Laura Calabrese Editor and Realtor

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Laura Calabrese local Realtor with Coldwell Banker Residential Brokerage in Greenwich Ct. laura.calabrese@cbmoves.com

Susan Calabrese Local Realtor

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Susan Calabrese local Realtor with Coldwell Banker Residential Brokerage in Greenwich Ct. susan.calabrese@cbmoves.com

Greenwich CT Realtor

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