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.

No comments: