What Does the Fed Rate Cut Mean To Mortgage Rates

Good question, and I wish I had an answer. Here's how I see it:The Fed cutting rates is typically a negative for long term rates. Adding liquidity to the system is in flationary and, therefore, bad for longer term rates such as mortgages. This morning the Federal Reserve held a paper auction which was not well received. This is a sign that Buyers think they will be able to buy the same paper, at lower prices (and, therefore, higher yields) in the near future.That said, the combination of occurances leads us to beleive that rates will, in the short term, move slightly higher.

Mortgages In Bucks County

Many of you know me and know my work from the more than 18 years that we have worked together. It was me who found solutions before they became problems. I was often called, by my former partners, "the smartest and best man in the mortgage business". I can now take those smarts and implement everything that I have learned and taught over the years to create a BETTER mortgage company to provide incredible service to you.

Raffle Mortgage incorporates state of the art automated underwriting systems into our operations which means:

• "Instant" approvals for our clients
• No more waiting for decisions
• No halfway "pre-approvals"
• Full blown approvals from our lending sources instantaneously for most loan products.

When this technology was introduced to the Philadelphia region by Fannie Mae several years ago, I was the broker they chose for a control test and also to sit on the evaluation panel and be a presenter when unveiled for other brokers in the area. I was the ONLY broker in the area on this panel.

Whether you are looking to buy a new home, resale, refinance or avoid foreclosure, call me directly at 215.917.3937 and find out how I can help you.

Very truly yours,

Andy Raffle
President
Raffle Mortgage LLC

You can find great local Yardley, Pennsylvania real estate information on Localism.com Andy Raffle is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.