Mortgage rates inched up this week, despite the Fed’s latest efforts to hold rates low. Some experts worry that as investors gain confidence in the economy, rates may keep climbing. Others say there’s still plenty of bad economic news to keep rates at the bottom
The Fed isn’t as optimistic about the economy, and it’s determined to keep rates low.
“While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated,” read the Federal Open Market Committee’s statement on Wednesday. “Household spending has continued to advance, but growth in business fixed investment has slowed, and the housing sector remains depressed.”
The Fed says it will keep the key federal funds rate near zero until late 2014. Previously, it had committed to keeping the rate low until mid-2013. While the federal funds rate isn’t directly tied to mortgage rates, it influences their direction.
It also will continue to reinvest in long-term securities and mortgage-backed securities, which is another way to keep rates low.
RATEFORECAST
Jan 27th
Will rates rise or remain relatively unchanged this week?
Industry experts and analysts provide their insights.
31% of respondents expect rates to fall in the coming weeks
44% predict a further increase in mortgage rates while the remaining
25% forecast that mortgage rates will remain more or less unchanged
About earlygroup
OUR GROUP:
What sets Terry Robinson and the Early-Group apart is its agents; they have set out to reach a common goal. That goal is to offer TRULY REMARKABLE SERVICE. Their office family will continue to WOW clients because they care about their friends and their reputation. The area offers a unique balance of Mountain and city properties. The office has small town roots, offering capability to handle everything from huge Mountain Estates to small Week-End Getaway Cabins. Because of the unique charm of a small-town and the convenience of a large city nearby, Bailey, Conifer, Pine, Morrison and Evergreen have become very desirable areas to live. This office is known as the best in the areas it serves.
OUR BROKER ASSOCIATES:
Meet Terry Robinson, Mike Fuentes, Stephanie Foster, Deborah Oakes, Christi Patrick and Marvin Newton. Never will home buyers and sellers find such a warm group of individuals ready to help. The knowledge and dedication of these 6 brokers is unparalleled in the industry. The agents maintain a casual and friendly nature while never sacrificing the needs and wants of their clients. When it comes to professionalism, no one does it better.
Our Marketing Manager Stephanie Foster is not only here for the agents but is a great asset to any client that an agent takes on. Give her a call @ 303.816.7516 and let her show you how TRULY REMARKABLE SERVICE feels!
TESTIMONIALS:
"Thank you again for your support and please tell everyone at your office how nice it was to finally walk into a Realtor's office and feel nothing but kindness, good energy, and see smiling faces on people who obviously enjoy what they do!!!”
“Terry Robinson sold my home in Clear Creek County and brought me more than I expected. He also helped me find my current home in which I have been living in for 11 years. He is very patient and full of useful information. Over the years he is still my go-to guy for any real estate questions or concerns. Terry is definitely trustworthy and kind.”
