Rates Dropping

Rates may be dropping again…at least for now…

The Federal Reserve announced this afternoon that they will continue to purchase $85 Billion per month in Mortgage Backed Securities. This is welcome news for the bond market and as a result interest rates are heading back down today. The Fed Chairman did say that bond buying my start tapering later this year if the economy shows more signs of improvement.

A good take away from this announcement: we may be looking at another short window of lower interest rates. Those sitting on the fence should take notice as the time to refinance may be now and if you have been seriously thinking of purchasing a new home, your monthly payment could look better today than it has over this past month or two.

If you or anyone you know wants to refinance or needs to be pre-approved for their new Maine home, please have them give me a call at 207-883-2003.

Blue Stripe Mortgage
Office: 207-883-2003

Company NMLS: 926200 


Licensed in Maine / NBC642663



Blue Stripe Mortgage is a family business that is locally owned and operated in Scarborough, Maine. We have been helping clients throughout the entire state of Maine with their mortgage needs since 2005. Whether you are purchasing a new home, or refinancing your current home, we will guide you through every step of the mortgage process with ease.


We care about saving you money, that is why we NEVER charge an Application or Pre-Approval Fee. We work with a wide variety of Lenders and can assist you with Conventional, FHA, VA, USDA / Rural Development, and Jumbo mortgage products.


We want to earn your business, and the business of your friends, family, and co-workers. Whether you are a first-time or seasoned home buyer, looking to refinance your existing home, or seeking an investment or vacation property, let Blue Stripe Mortgage be your trusted Maine Mortgage Broker.