Frankln Home Listings

Fed Announces 1.25 Trillion Dollar Repurchase of LongTerm Bonds!
March 18th, 2009 8:50 PM
The fed today announced that it intends to launch a major repurchasing of the Long Term Bonds that is expected to hit 1.25 Trillion Dollars. As a result this will drive rates down. This signals the bottom to us. If you plan to buy NOW is the time. Don't wait to get approved for financing Experts expect back logs will quickly be created by refi's as the rates FALL.
 
1. Turn times on the loans is about to double or triple, So dont lock a loan thinking that its going to close in 10 days, that will not happen. There will be massive congestion as a result of Refinances.
 
2. Watch out for the large players in the market, the Countrywides and the Wells Fargos, After the fiasco with AIG over the last 48 hours is creating a temperment in Congress of stopping the bailouts. Countrywide is part of Bank of America, and BOA paid out Bonuses, they will be next. Cwide is losing a millions per day, so the Taxpayer will not go for it long.
 
To meet with one of our Buyer agents call us today at 615.810.1152 or go online to request shows appointments at www.FranklinHomeSalesTeam.com
Posted by Mark Dershem on March 18th, 2009 8:50 PMPost a Comment (0)
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