Daily Mortgage Rates News – What is the Fed’s Next Move?
Posted on | May 16, 2009 | 3 Comments
Daily mortgage rates news provides information for the reader interested in the real estate and mortgage market. Today we analyze the next move of the Federal Reserve Bank.
After several weeks of cutting back on buying mortgage backed securities, the Federal Reserve Bank has to decide what their next move is going to be. If they continue to slow their purchases, it is likely that mortgage rates are going to slowly rise which will diminish the interest in the housing market. If they continue to sink large sums of money ($50 trillion) into MBS mortgage rates are sure to go down, but has it even made a difference so far?
We do not have the Case/Shiller Index data from the months in which mortgage rates were under 5%. The data available is from February and that continued to show decline in home value; a 31% overall decline from the top in June of 2006. Everyone can make their own assumptions as to what has happened since February, but has anyone seen a rise in their home value? Honestly? I would say only a very select few markets have even seen a stabilization.
Well Ben Bernanke, this is what you get paid to do, so let’s hear what the next move is…
Tags: federal reserve > housing market > mortgage backed securities
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May 17th, 2009 @ 3:00 pm
[...] I posed the question “What is the Fed’s Next Move with Mortgage Backed Securities?“ The answer to this question will help to determine exactly how low mortgage rates will [...]
May 17th, 2009 @ 11:14 pm
[...] I posed the question “What is the Fed’s Next Move with Mortgage Backed Securities?“ The answer to this question will help to determine exactly how low mortgage rates will [...]
May 18th, 2009 @ 6:45 am
[...] I posed the question “What is the Fed’s Next Move with Mortgage Backed Securities?“ The answer to this question will help to determine exactly how low mortgage rates will [...]