Seattle Mortgage Reel Weekly Recap, January 30, 2009

by thachnguyen on January 30, 2009

The Seattle Mortgage Reel recaps the latest news from the stimulus package announced by President Obama. The Federal Reserve extends its initiative to continue to purchase mortgage backed securities, which has been over 10% of the allocated $500 billion in the month of January. Volatility will continue through this summer in mortgage rates confirming that timing will be key in today’s market.