Tag: mortgage rate outlook
Good & Bad news for mortgage rates in Fed’s announcement
The Fed announced today that they would keep open market operations in the mortgage-backed bond (MBS) market active into early 2010. This is great news for mortgage rates. There had been growing speculation that the Fed would discontinue the TALF program which has been credited with keeping mortgage rates near historic lows as the eocnomy [...]
Posted: September 23rd, 2009 under Economics & Interest Rates.
Tags: FED announcement and mortgage rates, mortgage rate outlook, TALF
Comments: 1
Rate Update September 1, 2009
Mortgage rates are unchanged from yesterday.
As we warned in yesterday’s ‘rate update’ there is plenty of economic data out this week.
This morning the National Association of Realtors announced that pending home sales rose for the 6th straight month in June. Pending home sales rose 3.2% in June which was more than analysts had expected. This [...]
Posted: September 1st, 2009 under Rate Update.
Tags: mortgage rate outlook, sept 1 mortgage rates, september 1, september 1 outlook for mortgage rates, september 1 should I lock my rate
Comments: none