Treasury secretary Tim Geithner made some comments today that the Fed has “achieved its goal” of lowering interest rates through the purchase of Mortgage Backed Securites. I don’t know how much longer they will do this… I imagine that this will keep up at least through the summer, but there are no guarantees. With the combination of the low rates, and the flexibility of some of these Fannie Mae/Obama “making home affordable” initiatives it is truly a critical time to investigate your options. They may never be so good again.
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