Today marked the last day of Fed. support (buying) of US mortgage backed securities. The market reacted with a .25% hike but hopefully that will be the extent of it. Supposedly the exiting of the Fed. will open up the market to private investors who will fill the gap with not much slippage in rates.
30 year fixed, 5%
15 year fixed, 4.25%
5 year ARM, 3.875%
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