Eugene Loan Guy

Market forces determine interest rates. Mortgage Backed Securities (MBS) are a great indication of what is happening with the mortgage interest rate market. A Mortgage Consultant that doesn’t keep track of the Bond (MBS) market is not doing the job for his clients, the home buyer.

The purchase of MBS by the Federal Reserve has had a beneficial effect on interest rates, just as planned when the Fed outlined the program. Please take a look at this video to see more about what is happening affects interest rates:

I especially appreciate the warning about watching the media for information about what is happening with interest rates. I can’t tell you how many times I have gotten calls from people asking me about what they had heard about interest rates going down, about a week after it had happened and after the rates had started back the other way. The local and national media report on past events and not really great about responding to what is happening right now in financial markets.

I am Fred Chamberlin, the Eugene Loan Guy keep my eye on all of the financial markets for my clients. I would be happy to answer your questions about what is happing currently on the bond market as part of my service. If you have questions about mortgage loans please contact me at 541-342-7576/541-221-3455 cell or by e-mail. I am a Senior Mortgage Advisor at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am here to help you with your mortgage needs.

2 Responses to “Mortgage Backed Securities See Saw with Mortgage Rates”