Yes, the Fed has been buying Mortgage Bonds, but if you look at what they are purchasing, they are buying a lot of FNMA 30-yr 5.5% and 5.0% Bonds…which won’t have much of an impact on present interest rates. Why? First, see the Fed’s purchases for yourself by hitting this link: Direct Link to View [...]

www.selldurango.com www.ptsr.com NAR Applauds Fed for Timely Action on Rates The NATIONAL ASSOCIATION OF REALTORS® applauds the actions of the Federal Reserve Board in lowering interest rates for home buyers and homeowners who need to refinance. This will significantly impact housing sales, home valuations, and the nation’s overall economy. The Federal Reserve will purchase large [...]