Action Lending - Mortgage News

09/28/18 - Weekly Mortgage Update

September 28th, 2018 5:33 PM by Gene Tidgewell

The Federal Reserve went ahead and raised the Fed Funds rate 0.25 %. The 10 year bond had risen to 3.11 % before the increase. Since the increase was expected we saw a drop to 3.048 % immediately after the announcement. It is at 3.057 % as of this writing.

We may see some rate improvement next week. The Italian economy is in some trouble and their stock market took a big hit today.

If you are over 62 did you know you can purchase a home using a Reverse Mortgage? Give us a call if you have any questions.

There are some great football games this weekend. Notre Dame takes on Stanford in a top ten match up and Boise State travels to Wyoming.

FORWARD THIS TO YOUR FRIENDS, SUBSCRIBE FOR FREE DOWN BELOW AND IF YOU HAVE ANY MORTGAGE OR REAL ESTATE QUESTIONS GIVE ME A CALL OR SEND ME AN EMAIL, TAKE CARE.

Posted in:General
Posted by Gene Tidgewell on September 28th, 2018 5:33 PM

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