Ed's Blog

The past week or two there has been a lot of discussion about mortgage interest rates climbing due to several pressures. Especially in light of the 1/8% to 1/4% recent bump in mortgage rates here are some of the factors being mentioned:

1) The Fed has announced it will no longer be buying Mortgage Backed Securities from Fannie and Freddie.

2) The recovery is underway! Or so they say.

3) Inflation must be on the horizon with all the money that has been pumped into the economy

4) China and Japan, the biggest buyers of our debt, are or will be scaling back on purchasing more of our debt.

5) Our soaring deficits will cause crowding out of private borrowing by government borrowing, inflation, or both, thus driving up rates.

Now that's quite a list! And it’s just a beginning.

Whether any or all of these are true, I do know this: Rates on home loans have been at historic lows for so long that sooner or later they're bound to go up.

So, if you've been thinking of refinancing, or buying a home at today's low rates, what are you waiting for?

Contact us and we will get you prequalified, preapproved, and locked in for a low interest rate mortgage on San Francisco, San Mateo, Marin, Oakland, San Jose, Sacramento, Los Angeles, San Diego, or wherever in California, homes or investment properties.

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