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  • 5500 E Santa Ana Canyon Rd, Ste 150
  • Anaheim Hills, CA 92807
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  • Agent MLS and ID: egerocar 01425712
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Rates are amazing now! 30 year fixed rates in the high 3% range and possibly dropping lower.

The Fed, ending a two-day policy meeting later Wednesday, is expected to announce a rebalancing of its bond portfolio weighted more heavily to longer-term securities, pushing already-low long-term interest rates even lower in a move dubbed Operation Twist.  On Wednesday, the Federal Reserve will conclude its latest policy meeting and may announce further measures aimed at lowering long-term borrowing costs. One option is called “Operation Twist:” the Fed would sell some of its short-term holdings and buy longer-term U.S. debt to push yields—which are already at historic lows—even lower.  Why? One clear aim of Fed policy, as Chairman Ben Bernanke wrote in an op-ed last year, is to bring about “lower mortgage rates [that] will make housing more affordable and allow more homeowners to refinance.”  The trouble is, the relationship between Treasury yields and mortgage rates isn’t perfect. And in recent weeks, the difference, or spread, between the 10-year Treasury yield and Freddie Mac’s average 30-year fixed-rate mortgage has widened considerably.

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Contact Us

  • The Geronsins
  • 5500 E Santa Ana Canyon Rd, Ste 150
  • Anaheim Hills, CA 92807
  • P: 714.602.3557
  • F: 714.602.2630
  • E: Info@TheGeronsins.com
  • Agent MLS and ID: egerocar 01425712

Social Media