The Veridian Blog

Hi Everyone,

Hot off the press... see: http://finance.yahoo.com/news/fed-set-push-back-timing-062228298.html

Rates are already at all-time lows and should not be going up anytime soon.  It is rare that the Fed makes announcement like the one last year, saying it would keep the federal funds rates low (0-0.25%) until at least 2013, and now they have extended it until late 2014.  On one hand, this tells me they know exactly what the bane of the poor economy is - the housing market and that it should be the focal point of recovery; on the other hand, this forecast implies that the economy is not recovering any time soon.

For homeowners fortunate to have enough equity in their homes, there has never been a better opportunity to refinance their mortgage.  From traditional conforming loans, to high-balance conforming loans, to Jumbo loans, mortgage rates are incredibly attractive now.  Please consult your mortgage broker for more details!