Feds leave rates unchanged: A Push.

Well, today was a benchmark: It was my first prediction that didn't come true: I anticipated a half point increase split between the Funds rate and Discount rate in a blog last month. Consider yourself lucky that this is the first prediction in years that hasn't come true. You've been given an incredible reprieve here; In Blackjack, we call this "a push." You didn't lose your money or chance and can play again. If you're on the fence or screwing around, waiting and thinking that rates will come down, I guarantee disappointment. We lost JP Morgan/Chase as a lender of Jumbo loans last week. That's a Huge upset in both Wholesale and Retail lending. Add a stack of additional required disclosures to you new loan applications and things are getting tough. NO LOAN is easy right now, but you've got to take action while there are still banks lending! Let's Talk...sooner than later. Pat Townsley, Mortgage Broker. My team and I are ready to get you through these tough times with the best rates. 415-485-1776; http://www.ptre.net/.