Fed Pumps $1.2 Trillion into Financial Markets Pushing Rates Even Lower

On Wednesday the Federal Reserve went on a spending spree to the tune of $1.2 trillion. The Fed is spending the money to buy long term government bonds and mortgage backed securities. The intent is to drive rates lower which should spur consumer spending to help revive the economy. This spending effort by the Fed has had an almost immediate effect as mortgage rates have now plunged below 5%. To take advantage of these extremely low rates fill out an Acre Mortgage loan request form, or give us a call at 800-511-3330.