The event that we all have been dreading and anxiously trying to forecast for has happened........... The Fed has officially bailed from the purchase of Mortgage Backed Securities. As of today bonds are down 91 basis points and rates are up by .25%. It looks like without the support of the Fed prices will reflect more realistic market conditions and not those we have seen in the past 15 months. Volatility levels will by high in the months to follow. The market never moves in a straight line but the trend is for higher rates.
If you are still in the market to purchase or refinance a home make sure you work with a loan officer that has a good grasp and knowledge of the market because it looks like we are in for a bumpy ride.
About Me
- Cami Liechty
- Logan, Utah
- Hi my name is Cami Liechty. I graduated from Utah State University in 2001 with a BA in Finance and Economics. I have been working in the mortgage industry with Republic Mortgage for over 10 years. As your loan officer I will work to find you the most beneficial and cost effective approach for your mortgage financing. My goal is to give you a smooth and timely transaction and to answer any and all questions you might have. If you are considering building, buying, or refinancing a home contact me. I look forward to the opportunity to get to know and assist you.
cliechty@repmtg.com
135 South Main #200 Logan, UT 435-753-1800 (office) 435-770-8775 (mobile)
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