Monday, February 11, 2013

Mortgage Rates Climbing....

This despite the Fed buying mortgaged backed securities to keep downward pressure on them. What happens when the Fed stops buying MBS? It won't be pretty. Lock in mortgage rates now, while they are still relatively low. There is nothing written in stone that says rates can't climb to the 6% level seen five years ago--or even higher.


(Chart vis WSJ)

at 12:57:00 PM
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4 comments:

  1. Guy NoirFebruary 11, 2013 at 8:23 PM

    Like with bonds, the price of housing goes down as rates rise. Ceteris paribus.

    ReplyDelete
  2. AnonymousApril 3, 2013 at 5:33 AM

    Thanks for your comment Guy Noir

    ReplyDelete
  3. albina N muroMay 4, 2013 at 4:47 AM

    Homeowners who delayed locking in super-low mortgage rates — think close to 4 percent for a 30-year fixed — may have waited too long. flexible mortgage calculator

    ReplyDelete
  4. UnknownMay 24, 2013 at 5:11 AM

    "The benchmark 30-year fixed mortgage rate is now the highest since early April. Despite the increase, however, mortgage rates have been in a narrow one-third of a percentage point range since December. That is in tune with the not-too-hot, not-too-cold economic performance," said bankrate.com in a news release. Tulsa mortgage

    ReplyDelete

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