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Possible lower Mortgage Rates?

November 20, 2008 by Scott Kinne

There was some big news yesterday, as the Fed released the minutes from its October meeting. Not only were future targets for employment and growth lowered, but the Fed–after years of being concerned about inflation–is now concerned about deflation. When deflation occurs, investors typically move money into fixed instruments like Bonds because the fixed payment actually buys them more goods and services over time. This could mean that better home loan rates are ahead.

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Scott Kinne

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Vice President, Senior Loan Officer
NMLS ID #182351
Office: 703.293.6146
Mobile: 571.237.6241
Fax: 571.317.2478
skinne@fhmtg.com

Licensed in
MD, DC, VA, SC, FL, and GA.

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