Action Lending - Mortgage News

March Madness is Upon Us

March 24th, 2017 4:13 PM by Gene Tidgewell

A number of great games this weekend in both the Men’s and Women’s NCAA basketball Tournament. We have some video highlights of last night’s Sweet 16 games

A pretty quiet week as far as financial announcements this week affecting mortgage backed securities. Rates improved some this week as the market liked the fact that the Fed finally raised the Fed funds rate last week. Talking Feds this week seem to indicate no more increases until June at the earliest. Oil prices are down to 47 and change as supplies continue to be plentiful.

 

Gross Domestic Product and Personal Consumption Expenditure’s reports are due out next week. Other than that the economic calendar is pretty light next week.

 

Economic Factors that could cause mortgage rates to increase

 

  1. The Fed reducing their balance sheet by no purchasing new mortgage backed securities with the principal collected
  2. If and when the Tax Cuts are passed they are inflationary so they will cause rates to increase
  3. The Fed increasing the Fed Funds rate

FORWARD THIS TO YOUR FRIENDS,  AND IF YOU HAVE ANY MORTGAGE OR REAL ESTATE QUESTIONS GIVE ME A CALL OR SEND ME AN EMAIL.




 

Posted in:General
Posted by Gene Tidgewell on March 24th, 2017 4:13 PM

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