Archive for March, 2010
Fed To Exit MBS Market- Effect on Rates
Posted by: | CommentsThe Fed is scheduled to exit the MBS market soon. What effect, if any, will this have on mortgage interest rates? The general consensus from the experts is that there will not be a spike in home loan rates.
The reason, the market has already factored this into the pricing.
It is believed, however, that interest rates will continue to rise and be in the 5.75% range by year end. The primary factor for this increase is the concern for our growing budget deficit.
Welcome to My Blog!
Posted by: | CommentsWelcome! My intent is to post relevant information relating to real estate financing. Hopefully this information will be useful if you are considering obtaining a mortgage to purchase or refinance a home
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