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Monday, April 19, 2010

Rates Hold Steady Despite Lack of Fed. Support

Since the Fed. stopped buying mortgage backed securities, interest rates have not taken much of a hit.

Their support ended the March 31 and many, including myself, were apprehensive about a huge rate increase.  It appears that independent investors have taken up the slack in buying up the securities and rates remain terrific!

I saw 4.875% on a 30 year and 4.25% on a 15 year on today's sheets.
Posted by Guy M. Petit-Clerc at 3:55 PM