Robert H. Ashburner, Jr. NMLSR 607856
2809 South Lynnhaven Road, Suite 200
Virginia Beach, Virginia 23452
Check out this article give to me by our in-house lender.
He also stated the following "This quote from the article sums it up in short, however it will be a good idea to read through it in its entirety as this is extremely important information. â€œYesterday the 10-yr T-note's yield closed at 1.90%. What the heck happened? What happened was that the Federal Reserve released the minutes from its last Open Market Committee meeting, and although 12 voting members thought the bond purchases would be warranted through the end of this year others felt the purchases should be slowed or stopped altogether before the end of 2013. This group was concerned that too much bond buying by the Fed might destabilize the economy. Federal Reserve policy makers said they will probably end their $85 billion monthly bond purchases sometime in 2013, with members divided between a mid- or end-of-year finishâ€. This is an indication that we may have seen the floor level of interest rates and an increase is in our future."
I hope this helps.
Ginny Dunmire, ABR, CDPE
REALTOR, U.S. Navy (Retired)
KK German, Wainwright Real Estate