As the Federal Reserve stops buying mortgage-backed securities it is expected that the interest rates to climb. The Fed committed about 18 months ago to purchase $1.25 trillion in Fannie Mae and Freddie Mac securities, a move intended at keeping liquidity flowing so rates would stay low and Fannie and Freddie would continue buying conforming loans. However, the Fed's commitment ends March 31 and while the full impact won't be known for several months, it's almost certain to cause rates to increase.
This is once again another reason for Homebuyers to take advantage of the historic rates being offered. If you need a referral for a fantastic knowledgable lender call us at 480.861.9142.
AZ Professional Realty has wholesale homes located all over the valley. Email us to get a list sent to you. admin@azprofessionalrealty.com
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