Rates have continued to decline this week! I have called a number of my clients whose current rate warrants a low cost refinance to take advantage of the lower rates currently available on 30 year fixed mortgages. Call me today for information on how YOU can save money every month!
What is going on in the mortgage market? Inflation seems to be in check, and on Friday St. Louis Federal Reserve Bank President William Poole made the follwing statement: "If inflation pressures are easing, even if only gradually, and there is a genuine prospect that inflation will return to the comfort zone, then I see no reason to accelerate the decline in inflation by maintaining a restrictive policy in the face of declining employment."
What does that mean in plain ENGLISH? The long series of rate hikes which ended in August is certainly over, and if conditions are right, we may see rate reductions in the not so distant future. There is a jobs report coming out this friday, which provides an important measure of how strong the economy is and will impact policy decisions by the Fed in the coming month.
Keep an eye here, and be ready to take advantage of my low or no cost refinance offer if your current mortgage is not the best available!
About Me
- Peter Kazaks
- Peter brings his background in residential real estate, business, and ethics to his mortgage consulting practice. A lifelong Wisconsin resident, Peter has lived in the Milwaukee area for thirteen years, and holds a law degree from Marquette University. Peter has experience running a small business, and previously worked in ethics and compliance for a Fortune 500 health care company. His knowledge of real estate and business will benefit you in securing financing for your home or investment property.