The Federal Reserve Lowers Interest Rates AGAIN...

If you have a home equity line of credit based on the Prime Rate or if you have a short-term Adjustable Rate Mortgage based on LIBOR, you should see an immediate reduction in you interest rate in the coming weeks.  However, if you are considering a fixed rate loan or longer term ARM with a fixed period of 3, 5, 7 or 10 years, rates on those types of loans are not directly related to the Fed rate.  Instead, these rates are closely tied to the Mortgage-Backed Securities that trade on the bond market. 

With all this in mind, it is more important than ever to work with a Certified Mortgage Planning Specialist who can decipher market conditions and help you make informed decisions in today's volatile market.  A CMPS professional can look at Fed decisions and economic reports that are coming out and help you make the right mortgage choices.  Whether you have or are considering an ARM or a fixed rate loan; whether you are buying, selling or refinancing a  home; whether you are dealing with a primary, vacation or investment property; now is the time to be dealing with an expert. 

CMPS professional are committed, qualified and equipped to help you navigate today's turbulent mortgage marketplace.  Don't delay in implementing the mortgage and real estate equity planning strategies that will make a positive impact in you life and the lives of your loved ones!