Grab the low rates while you can

Mortgage Bonds are trading higher this morning but are off their best levels being supported by the Federal Reserve as it embarks on QE3 to support the mortgage markets.

In economic data, the New York State Manufacturing Index fell its lowest level since April of 2009.

Eventually all of the money printing by global central banks either creates inflation and a lot of it, or it is successful in sparking economic growth necessary to even begin repaying this enormous debt. In either case, the longer-term outlook for Bonds as an investment doesn’t look so grand. I feel that locking at current rates is prudent.

Leonard Winslow
Direct: 434-760-2580
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
leonard.winslow@newamerican.com
web: http://www.newamerican.com/leonard.winslow
http://www.facebook.com/CharlottesvillesLoanExpert
License #MLO-4817VA-NMLS #265272