Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
We have been seeing a rapid improvement in rates since Monday. The Fed in their statement said rates would (remain) low till at least mid-2013, and this helped. Looks like we should enjoy lower rates for the next week. Contact your customers; there might be some possible refi business out there.
Dan GreenWaterstone Mortgage, author of TheMortgageReports.com, Cincinnati
The United States remains a safe haven for all things bonds, including the mortgage-backed ones.
Joe NunziataChairman and co-CEO, FBC Mortgage, Orlando, Fla.
With the bond market rallying and the Fed's statement that they will continue to keep rates down until 2013, we feel that rates will go down short term (as much as) a quarter of a percent. It is an unprecedented time to refinance or purchase a home.
John WalshPresident, Total Mortgage Services, Milford, Conn.
The three-headed economic monster of the U.S. credit downgrade, the European debt crisis and the Federal Reserve's bold statement to keep the federal funds rate at essentially zero percent for two years will push rates to historic levels. Consumers should act fast, as any good news on the economy or fiscal reform in Washington or Europe could push rates back higher.