Wednesday, March 18, 2009

Federal Reserve to Buy $300B in Treasurys

The Federal Reserve announced today that they would start to buy up $300 billion in long-term Treasurys over the next 6 months. In addition, they also announced that they are planning to buy another $750B in mortgage-backed securities. With these announcement we should see rates immediately come down and probably remain low over the next few months. If you're planning to refinance, now would probably be the time. Read more

These are definitely very aggressive steps by the Fed to immediately lower long-term interest rates and keep them low for some time. The timing is definitely right as we move into the spring and summer buying/selling season. Read more

If you're interested in refinancing or if you have someone that may be interested, I would be happy to help out. Please feel free to email me or give me a call today.

No comments:

Post a Comment