Posted To: Pipeline Press

An LO from Wyoming recently reminded me that, “At the end of the day we sell a product driven by rates.” And we may be at, or near, these rates for a while, so I hope you’re happy with them (and have great service and solid products to back them up). Federal Reserve Bank of New York President John Williams recently said that the central bank is not set on predetermined policy on interest rates in coming months and that “the key thing is we’re not locked into any specific decision.” The Fed is satisfied with monetary policy at the moment, Williams said, and the economy is in a good position. So U.S. mortgage rates could very well chop around in the range we’ve been in for several months already, despite a lot of jawboning about economic news every week. Lender Products…(read more)

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Source: Mortgage News Daily