Consider Locking In Prior to This Meeting

Wednes­day, the Fed­eral Open Mar­ket Com­mit­tee adjourns from a 2-day meet­ing and any­time the Fed meets, there’s a good chance that mort­gage rates will move. The FOMC makes the nation’s mon­e­tary policy.

The meet­ing adjourns at 12:30 PM ET and Fed Chair­man Ben Bernanke will fol­low with a press con­fer­ence at 2:15 PM ET. The press con­fer­ence is meant to give con­text to the FOMC’s deci­sion, and allow for back-and-forth with the press corps. Wall Street will watch closely, too, for sig­nals of the Fed’s next action(s).

In addi­tion, this week will see the results of May’s Exist­ing Home Sales report and New Home Sales report. Both are con­sid­ered impor­tant to the hous­ing mar­ket, and to the econ­omy overall.

If you’re still float­ing a mort­gage rate, falling mort­gage rates have helped you. There’s not much room for rates to fall fur­ther, how­ever. Con­sider call­ing your loan offi­cer and lock­ing some­thing in.

Why Am I Posting A Calendar?

I provide this weekly news update because too often when we’re shopping around, we ask the wrong questions. The first thing you’ve got to have your antenna up on is economic news if you want to have any idea what direction rates are moving.

As a Consumer, How Do You Keep Posted on the News?

I’ll do my best to keep you posted throughout the week via Twitter. If you’re interested in finding out more about what effects mortgage rates and which direction they’re headed, feel free to follow me!

Work With Mortgage Professionals In The Advice Business

It’s important to recognize that advice is extremely valuable when looking for a mortgage. The right advice can literally save you thousands of dollars, while the wrong advice can cost you the same.  Some mortgage professionals really don’t know what mortgage rates are based on, period.  If you want to get the best deal, having a professional that can give you that type of advice is extremely important.

So You Say, What Are Mortgage Rates Currently?

I get this question all too often. If I’m being fair.. and honest (which is my policy). I would be doing you a huge disservice to just quote a rate.

Truth be told, there are literally 27 different factors that go into a custom rate quote. There are also thousands of programs (constantly changing as well). It’s extremely important that you are educated on what is available and most importantly what is the best mortgage plan for you to personally implement.

It’s natural to have a list of questions. I’d love to help work through them with you and educate you on what you need to know about the mortgage process. I can help with everything from how to pre-qualified to what to do after closing (where I will continue working for you)!

It’s what we do, and it would be my honor to add you to our list of raving fan clients. If you’re currently looking for a mortgage loan or know someone that might have questions about one, please have them contact me. I’d be happy to assist them. It’s literally what I love doing! I promise to take great care.