Futures indicate a 50/50 chance the FED will CUT the FED Funds Target Rate by a quarter point at the September 16th FOMC meeting. See the FED probabilities charts here.
Interest rates moved lower on Monday as investors looked for safety amid the sell off taking them back to where they were Monday after the Fannie and Freddie bailout. Rates could trend lower so review your Target Rate and contact me with any changes or to calculate your Target Rate.
Make sure you know the reprice policy of any lender before you lock your loan to protect yourself from higher rates AND still keep the ability to take advantage of any rate drops.
Todd Huettner 303-758-7402 todd@toddhuettner.comwww.toddhuettner.com
Todd Huettner
303-758-7402
todd@toddhuettner.com
www.toddhuettner.com
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