Sometime in the near future the Fed will stop buying the much-maligned mortgage backed securities. Almost everyone agrees that the inevitable result will be an increase in the home mortgage interest rates, now hovering at the 5% level. Some feel that the increase will be in the 1% range (bringing the rates to the 6-ish % range). Others, including the linked article, say that the increase will be minimal, in the 0.1% to 0.15% range. Read the article on the Wall Street Journal's MarketWatch website.
Friday, January 29, 2010
Mortgage Rate Increase To Be Minimal
Sometime in the near future the Fed will stop buying the much-maligned mortgage backed securities. Almost everyone agrees that the inevitable result will be an increase in the home mortgage interest rates, now hovering at the 5% level. Some feel that the increase will be in the 1% range (bringing the rates to the 6-ish % range). Others, including the linked article, say that the increase will be minimal, in the 0.1% to 0.15% range. Read the article on the Wall Street Journal's MarketWatch website.
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