Moore Mortgage Solutions

    Since the historic takeover of Fannie Mac and Freddie Mac, the bond market has been enjoying a nice surge. What does that mean to you, the consumer, is the lowering of the mortgage interest rates.

    Interest rates have dropped about 0.25% to 0.50% over the last two days. Though there may be a good chance of better pricing or pricing staying around these levels for awhile, the trend never goes straight down. It’s a see-saw effort as it goes up and when it goes down.

    But with that said, if you have been just listening to the news, you would have heard that the price of crude oil is trading down near the $100.00 mark and the US Dollar is slowly getting stronger against the Euro Dollar.

    This means that inflation is moderating. And like I said in my last blog, if inflation is moderate, the Federal Open Market Committee (FOMC) that Bernanke chairs won’t raise short term interest rates at their next meeting on Tuesday, September 16^th.

    How does all of this affect you, the consumer? This may be the time to review your mortgage to see if this is the time to refinance. And if you are thinking about buying your first home or moving up, this may be the time to do so.

    To find out if this the right time for you, go to my Ready, Set, Go Program and sign up. Knowledge is power and knowing whether this is the right time, gives you options. Together, we can review your options and decide if this is the right time.

    In the meantime, please feel free to contact me with your questions or concerns about mortgage market.

    And please make each day an inspired one!

Your Friend in the Business,

Betsy Moore

206-331-2749

Ready, Set, Go Program

betsy@mooremortgagesolutions.com