Indigo Mortgage, an Albuquerque, New Mexico mortgage company with four lending divisions to serve the residential, commercial, VA and reverse mortgage markets, believes that the ongoing estimates by Federal Reserve Chairman Ben Bernecke show sustained low interest rates and potentially even lower interest rates in the near future as a way to stimulate the economy. With this environment expected to continue, the professionals at Indigo Mortgage believe that this is an opportune time to buy or refinance a home.

In recent announcements by the Federal Reserve, it was stated that they would like to do a third round of quantitative easing (QE3), which involves an aggressive bond-buying program for lowering long-term interest rates. It will continue to purchase mortgage debt through the end of 2012 and possibly into 2013 and beyond until economic conditions improve. They also stated that they would move raising short-term interest rates from 2014 to 2015 as another measure to stimulate home sales and the overall economic environment.

In commenting on the sustained low interest rate environment, Benjamin Lucero, President, said, “We are excited by this ongoing move by the Federal Reserve to keep mortgage interest rates low or even potentially lower them again. This can help those homeowners who are currently struggling to maintain their home ownership by providing a low interest rate to refinance to, especially with the streamline refinance programs now available.”

Lucero added, “The lower mortgage interest rates also encourage potential homebuyers and first-time buyers to enter the market and begin to buy up some of the inventory. This will help get more people in homes and it will provide a means of returning home values to a normal level, freeing many from being upside down on their mortgage. It really would be a win-win for everyone.”

About Indigo Mortgage

Headquartered in Albuquerque, New Mexico, Indigo Mortgage is a locally owned and operated mortgage company that is 100% certified NMLS (National Mortgage Licensing System) with expert mortgage brokers and loan originators. The company operates four divisions: New Mexico Residential Mortgage Division, New Mexico Commercial Loan Division, New Mexico VA Mortgage Loan Division and New Mexico Reverse Mortgage Loan Division. Indigo Mortgage was founded by Benjamin Lucero and operates on a philosophy of personal service, high integrity, fairness, and moral and ethical behavior. The company’s motto is: “Because nobody cares more about your mortgage loan.” For a quick loan analysis click here Quick Loan Analysis. For more information on their mortgage services, please visit www.indigomortgage.net.