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Great Rates

Wow – do I ever have writer’s block this week! Maybe that’s because the mortgage-rate-headlines of the past few weeks have been keeping me busier than I have been in at least 18 months – I am so grateful for that!

As you may have already heard, rates on 30 year fixed-rate mortgages have dropped to their lowest point in 37 years! That is enough reason for you, your friends and your family members to give me a call to get the ball rolling on a new home loan – refinance or purchase!

Why did the rates come down?

Mortgage rates started falling after the Federal Reserve launched a sweeping new effort in late November to aid the U.S. housing market by purchasing up to $600 billion of mortgage-related securities and other debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

There, now you have it; back to work I go!

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