Chris Sipe ; Senior loan officer, Embrace Home Loans, Frederick, Md.
Posted 24 September 2010 6:47 PM by Anonymous
Bankrate.com New Article September 23, 2010
Mortgage Rate Trend Index:
Will rates go up, down or remain unchanged?
Chris Sipe ; Branch Manager, Embrace Home Loans, Frederick, Md.
Knee-jerk reactions to conflicting market reports have introduced a lot of volatility the past two weeks. However, the Federal Reserve's comments Tuesday eased concerns about inflation while voicing concerns about slowing growth. Both are good for mortgage bonds and rates. I still think we are near a bottom in rates, but they should stay relatively unchanged in the near term on the Fed's guidance.
Chris Sipe; Branch Manager
Web Page: http://csipe.embracehomeloans.com
37 North Market Street,
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