Rob McCarthy @
Thank you Rob for this great update! 


This week…The federal reserve decided to leave the fed fund alone as we expected.  In addition, news came out last week that Chinese factories stepped up production in August, which helped ease concerns of a double-dip recession in US.  Good news for us but still not enough to get the economy back on track.  As a result, as indicated yesterday, there is some speculation that the Fed will start buying mortgage back securities again to keep rates down and stimulate the economy.  While interest rates went up almost 2 weeks in a row, they finally came back down as a result of yesterdays news. 

In addition…Please see this quarters newsletter I just finished to include today’s rates for your review.  For customized rate quote or to get in ready position to purchase or refi, please contact me.

Have a great week!

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