Throw 1

Throw 1

Record low mortgage rates!

Today the Labor Department reported that employers shed 95,000 workers in September and was a lot worse than anticipated. The Unemployment Rate remained at 9.6%. The report has helped to push Mortgage Bonds to record high levels.

Because this information gave a confusing picture with no clear outlook, the discussion over Quantitative Easing 2 (QE2) is heating up more than ever and there may be an announcement on QE at the next Fed meeting on November 3.

Could rates on a 30 year fixed rate drop below 4%?

Wow!!!

QE or Not QE...That Is The Question

QE or Not QE...That Is The Question