You've heard a lot over the last several months about historically low home loan rates...but lately, you've probably been hearing the buzz that interest rates may be heading up in the near future, due in part to the Fed ending their purchases of Mortgage Backed Securities.
All of this begs the question: How and why do rates move...and what is happening right now?
The answer involves a number of factors and can seem complex. But it doesn't have to be!
To help you understand how interest rates move, take a look at this easy to understand video. You'll learn what the Fed has been doing to keep rates low, as well as the connection between interest rates and Mortgage Backed Securities.
Take a look at the following video now for an easy explanation:
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Your Agent In Real Estate - Sonoma County - Petaluma, CA 94952
About Me
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- Born and raised in the San Francisco North Bay region, and now, for over a decade, Bukka has been studying and investing personally in real estate, as well as being a practicing Realtor in the San Francisco North Bay. Bukka is a member of the National Association of Realtors, the Califoria Association of Realtors, and the North Bay Association of Realtors. These associations have a higher standard of ethics so you can know you are in good hands. You can contact Bukka on this site or from the AgentLevy.com web site. Bukka is, of course, writing this in the third person and feels a little silly doing so but is told this is how it is done.