10/23  Fed’s Latest Move May Send Rates Lower: The Federal Reserve announced Wednesday it will invest $400 billion in long-term Treasury securities over the next nine months, which is expected to send interest rates on mortgages even lower.  Get yourself qualified now with AmeriFirst – Jim or Garrett!

“This program should put downward pressure on longer-term interest rates and help make broader financial conditions more accommodative,” the Fed said in a statement Wednesday. Get yourself qualified now with AmeriFirst – Jim or Garrett!

Mortgage rates have already been reaching record lows in recent weeks, but the Fed’s latest efforts are expected to send rates dropping even further. Economists predict that interest rates could drop by a few tenths of a percentage point, which would be significant to anyone getting a loan to purchase a home. Get yourself qualified now with AmeriFirst – Jim or Garrett!