It’s been another busy day showing and selling houses in Naples Florida, but I wanted to post a couple of things that I thought were important.
Jim Gillespie, President and CEO of Coldwell Banker Real Estate LLC is going to appear on the “Roadmap to Rebound” segment hosted by Maria Bartiromo on CNBC Friday March 20th at 4:30 PM to talk about the current state of housing. I would highly recommend you tune in if you can. Jim is always an eloquent speaker, and we at Coldwell Banker are fortunate to have his leadership.
Kelly Rebimbas, Senior Loan Officer at Sunbelt Lending sent out the following newsflash; as reported by the Shirmeyer Rate Market Report, Sigma Research, Inc.: “Big moves from the FOMC as we expected. The FOMC is increasing the MBS purchase program another $700B, taking the total to $1.25T; the Feb will buy $300B in US treasuries through the rest of the year. The Fed will add another $100B of purchases of Fannie and Freddie debt. A market surprise. The Fed is now walking the walk that BOE and BOJ have announced this past week. A huge help for the re-financing of mortgages if the amount the Fed will buy of MBSs is considered enough to get the 30 year fixed down to 4.5% -We will see what happens…Finally someone in Washington has gotten off the dime and did something of serious direct magnitude.”