December 13th, 2013 5:05 PM by BILL WILBANKS
Mr. Bernanke's last FOMC meeting both for the year and under his tutelage as the head of the Fed takes place next week and the markets have basically been in a virtual hold this week waiting on next Wednesday's announcement of the 2 day meeting results to see what they will or won't do on the much talked about "Taper". That's all anyone is paying attention too. Rates have pretty much factored in the possibility of the taper starting this month and only the meeting will let us know for sure. But let it be said that whether it's this month or even as late as March as some have proposed...it's coming, and rate increases can't be far behind. If you are anywhere near a decision to start a new mortgage don't let the grass grow everybody. Take advantage of these 30 year fixed rates while they are still in the 4's and the 15 year while still in the 3's percentage levels. No excuses if someone doesn't move forward knowing what's painted boldly on the wall.
Call this weekend if I can get you working on it. I'd rather offer you today's rates than what I expect to see in the not too distant future.