Seattle Mortgage Reel, Weekly Recap, January 8, 2010
Happy New Year! Thank you for tuning back into the Weekly Recap.
In this edition we are covering the rising interest rates projected for this year as the Federal Reserve begins to execute their exit strategy. Currently the Federal Reserve accounts for 73% of the mortgage back securities being purchased from the open market. Why is this so impactful if they exit the market? The open market is not purchasing these securities at these lower yields. In order for the investors in the open market to begin to buy again the yields will increase to attact those investors. This in return will increase the mortgage rates that current and new home buyers receive.
We are also in the process of a all new look on the mortgage reel which will be user friendly to our viewer and fans. This is only weeks away so stay tuned. We also have the real estate side of the site coming on live soon also so stay tuned.
Thank you for joining us and please share this with anyone who may find the information valuable.
If you have any questions or need assistance please contact us at info@themortgagereel.com
sonny kwan
Keith, Steven of Mortgagereel has some great information for both buyers and sellers regarding 2010. Thanks guys!