There are indications that we may have seen the lowest lowes in mortgage bonds. This is based on the fact that the Fed is pulling back on purchasing Mortgage Backed Securities as it nears the end of the Mortgage Backed Security purchase program. Also the stock market has finished on a 13 month high which could promt many investors to move money from bonds to the stocks which would also have a negative effect on mortgage interest rates.
No one can predict the future but with current 30 year mortgage rates at 4.75%
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