Hi Active Rain Community,
I received this email from Bob Buchanan, a local mortgage specialist that I depend on for not only my buyers but also myself on upper end loans. Any guesses which way it will go before the next 15 minutes are up?
"It's Fed Day and at 2:15pm Eastern Time, the Federal Reserve Board will release their interest rate decision and Monetary Policy statement. At the moment, Mortgage Bonds are basically in a holding pattern, just slightly up in advance of the news. My sources don't anticipate a cut by the Fed but we are watching for a potential reaction following the release which might necessitate a locking action. For now, we are in a floating stance in advance of the Fed announcement. If you have questions about what is happening in the market, please don't hesitate to call."
It is best that we stay on top of what the Fed is doing for both our buyers and our sellers' sakes. Thanks Bob for keeping us apprised!! Bob is available at:Bob Buchanan 1820 W. 6th Lawrence, KS 66044 Ph: 785-979-1073 Fx: 785-749-7800 |
Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE 2-10 Home Warranty with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI Realtor®
Rob's Blog at www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (four convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
112 E. 10th, Eudora, KS 66025
1037 Vermont, Lawrence, KS 66044
3300 Clinton Parkway Ct., Lawrence, KS 66044
300 Rockfence Place, Lawrence, KS 66049
785-393-2274 (cell) 206-339-3199 (fax)
Voice Messages may be left Toll Free at 866-800-5353
langrob@sunflower.com
http://www.letrobdoit.com/
http://douglascountyopenhouses.com/
http://ihaveaddresses.com/
Rob Lang
CRS, ABR, ePro, GRI, CFPS REALTOR®
At Home Kansas
CODE: 10724
785-393-2274
Fax : 206-339-3199
Web : http://www.AskRobLang.com
United States
Sellers www.MLSPlease.com
(Marketing homes to 3 MLS's, to over 10,000 websites, seller narrated videos and virtual tours,
Buyers: Property Searches www.AskRobLang.com
Blog www.ActiveRob.com
At Home Kansas (Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth,
This communication is provided to you for informational purposes only and should not be relied
upon by you. At Home Kansas is not a mortgage lender and you should contact a mortgage lender
directly to learn more about specific mortgage loan products and your respective eligibility for such
mortgage loan products.
NOTE: This blog was written in the past about properties on the market at the time
of the blog being written and should not be considered as active listings beyond the
date of this blog.
