Mortgage Update
Sarah Rumney
Happy Holidays Everyone! I hope the season has been fun, safe and relaxing for you all. It has been interesting watching the pundits and guests on the business show circuits put in their predictions for market and economic activity during 2010. I tend to err on the conservative’s side and believe that the government will decrease their support and the Fed will increase rates sooner rather than later. Others believe that the markets are on the way up, that history indicates buying stocks now at their lows will lead to great profits in the long run. It’s the theory of the “V” – the sharper the fall, the greater the rise. Either way, it will be an interesting year and we will see rates increase at some point.
Important facts to remember for 2010:
- 1. Rates will eventually increase. I believe it will be in April or May 2010.
- 2. The first time home buyer/re-entry buyer (if you’re buying a new home after owning your present one for 5+ years) expires April 30th.
- 3. I am a mortgage professional and can help you navigate the waters during this ever-changing time. I am your number one mortgage resource.
