Mortgage Rate Predictions for May – Have We Seen a Short Term Bottom?
After back to back weeks of $50 billion and $75 billion in Mortgage Backed Securities Purchase, the Federal Reserve Bank took a huge step back. Last week our government only purchased $5 billion in MBS which is extremely small compared to what they did at the beginning of April. Ben Bernanke has made the commitment [...]
Mortgage Rate Predictions – The Fed Purchases $75 Billion in Mortgage Backed Securities
UPDATE: For more recent mortgage rate predictions make sure to go to the mortgage rate predictions category. Also please check out the mortgage rates forecast category for more interest rate analysis. August 17th – The current mortgage rate predictions article can be found here: Mortgage Rate Predictions – Mortgage Rates Around 5.2% in Mid August. [...]
Mortgage Rate Predictions – April 17th – Mortgage Rates Fall to 4.82%
This week mortgage rates gave us a head fake and fell back to 4.82%. I predicted that rates would rise from 4.87% to 4.92% but with the Fed purchasing over $50 billion in mortgage backed securities rates only have one way to go….down. If the Fed continues to keep pumping money into the market, mortgage [...]
President Obama vs Subprime Blogger Investment Challenge – April 13th
On March 22nd, as I watched President Obama laugh and giggle about our economy and then make the statement “the dollar is still strong” I was in disbelief. This interview on 60 Minutes was conducted just days after Ben Bernanke and the Federal Reserve Bank injected over $1 TRILLION into long term treasuries and mortgage [...]
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