Lynn B. Friedman - Atlanta Homes ODAT Realty

CHICKEN LITTLE -- The Fed is Meeting!!! No rate worries, Henny Penny!

CHICKEN LITTLE -- The Fed is Meeting!!!
No rate worries, Henny Penny!

 

                                                                       

 

Mortgage advice comes in every flavor under the sun. Take the Federal Reserve March 2017 Meeting dire predictions and worries for example. That's the reason for the Chicken Little/Henny Penny reference.

 

Let's follow the comments of John Meussner - Loan Originator in CA, CO, DE, FL, GA, MD, NJ, PA, TN, TX, and VA for this topic:

"Today is another example why you can't listen to most "professionals" -
those fear mongering you into buying a home now "before the Fed raises rates!". The Fed raised rates today, and as I expected, mortgage rates are improving dramatically. If anyone tells you the Fed will cause your mortgage rate to rise,
rest assured they're more worried about their own wallet than yours.

"Instead, work with someone that knows the markets, has real insight on rates
and their direction, and will be honest with you so when you're ready to buy, you're prepared and can rest easy that you'll get the best financing available.

"Yes, rates are moving up. That's not a reason to rush a decision as big as a home purchase."                                                                        JMLoans team at Mason McDuffie

John received replies to his thoughts, for example:

"Expectations of future changes to borrowing rates (fed funds, LIBOR, prime,
etc.) are all already "priced in" to all debt instruments, including mortgages.
The only change to consumer-level rates is that a probable increase to the fed funds rate became a certainty--an effect that will be dwarfed by other market forces on any given day. "                                                 Kevin McDonald

John responded:

"Correct. The only thing that cant be factored in is the immediate reaction to an event. The increase today was largely expected, but bonds could have shrugged it off as "meh, we knew it was coming", but instead they're seeing a nicer surge today than expected."

And a compliment from Jeff Dowler -

"Right on, John, for clearing up this misconception."

 

No time like the present to look for your new home!
Just do so carefully and live happily ever after!

 

Remember One Important Thing- Mortgage Preparedness.

The Spring 2017 Market continues with a "shortage of inventory".  That's real estate speak for more people looking to buy than there are homes for sale - whether houses or condos!!!

Here are some links with Mortgage Information for you:

              Buyer Success – Mortgage Ready

            Pre-Approval vs Loan Approval

             Mortgage Approval as First Step

            Pre-Approval vs Pre-Qualified

 

 

At Atlanta Homes ODAT Realty, we are ready to assist you with Concierge Level Service - to SELL your home or to find a wonderful home to BUY.  Call/text - 404-939-2727.

 

 Dollar images courtesy of Jack Cai.

Jody Bruns, CDLP, CMMU     Ricki Eichler McCallum      Joe Gonzalez 

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Let me Google multi-color logo Atlanta Real Estate ODAT that for you.

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Comment balloon 5 commentsLynn B. Friedman • March 16 2017 08:30AM
CHICKEN LITTLE -- The Fed is Meeting!!! No rate worries, Henny Penny!
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