Real Estate & Financing Update by Maurice

I read this great information today about rates on CNNmoney I thought I would share with you:

NEW YORK (CNNMoney) — Long-term bond rates shot up dramatically at the end of last year. But the fixed income market has been, dare I say it, boring so far in January.Is that all about to change now that President Obama has given the strongest indication yet of the need to tackle the deficit in Tuesday’s State of the Union address? The Federal Reserve, which concluded a two-day meeting Wednesday, also appears intent on buying Treasury debt in an attempt to keep rates low. It left its key short-term rate near zero yet again and made no significant change to other policies.

First and foremost, the renewed focus on getting the deficit under control should be a positive for bonds. A more manageable federal debt load would likely lead to a stronger dollar and less fear about inflation. That should push rates lower since bond prices and yields move in opposite directions.

This information is crucial to our rates and will help to keep mortgage rates low. But, rates will rise quickly when a few good employment numbers appear. Mark my words. This is a perfect time to buy.
Quote for the week is from my close friend Albert Einstein J “Insanity: Doing the same thing over and over again and expecting different results”. Try something new this weekend!