Surprises always impact the markets in an interesting manner. Everyone anticipated the Fed cutting the funds rate, but the surprise occurred with the aggressive nature of their actions and their extremely proactive language. When the sentence includes using all available tools to promote a resumption of growth, markets respond, Positively.
We now find ourselves in the midst of a refinance boom, with a home purchase boom on the horizon. Make no mistake - the Fed wants to stimulate the lagging housing market. That's the main focus. The refinance crowd gets to ride the low interest rate coattails.
This topic is discussed in much greater detail in my outside blog; http://gmatson.wordpress.com
Great news for the housing market. Let's hope it's just the beginning.
 |
|
|
We provide extraordinary service and attention to our clients - during the loan process and for years to come. You will be presented with the best products and programs available - always, every time.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
