Federal Reserve Expand's MBS Purchase Program To 1.25 Trillion

Hello Gang!
Hope you are all doing well. Some great news today, the Federal Reserve announced today that the Fed would expand there MBS Purchase Program by 750 Billion; increasing it from 500 Billion to 1.25 Trillion. (300 Billion has already been spent) That is good news for mortgage rates; it should keep them low and stable for a longer period of time that we first expected. Here is a link to one of the many articles that were released today. Article Link. Now, nothing is a guarantee; there is a lot that could happen that could have rates going the other direction; however, the news in encouraging. Make sure that if you are thinking about refinancing that you are getting all of the things done that need to be done in order to refinance. (updated application, appraisal, disclosures, and income and asset documentation) If you have any questions, or need a list of the items that you will need in order to refinance, please email me at james@jallston.com. Have a great week, and I will let you know if anything changes.