https://www.wellsfargo.com/mortgage/rates/
http://mortgage.chase.com/alt/altdel/CurrentRates.jsp
http://www.bankrate.com/
http://www.texasmortgage.com/rates.html
WHERE WILL INTEREST RATES GO FROM HERE?
As
the Federal Reserve finishes its planned purchases of nearly
$1.5 trillion in mortgage-related bonds, some bond investors
are expecting mortgage interest rates to increase.
Mortgage rates fell to 5% and below since the central bank
said nearly a year ago it planned to buy up privately held
mortgage-related bonds thus become the largest buyer of
mortgage-backed securities, but economist fear that with the
exit of the Fed’s buying power, mortgage interest rates may
begin to spike up once again putting pressure on the housing
market.
If
other buyers do not replace the Fed in the mortgage markets,
keeping rates at their current level may not be possible.
To
further the economic and housing recovery, it is the Fed’s
desire to keep interest rate down to an attractive level for
homeowners, but if investors are not willing to buy the
mortgage backed bonds at the their current rate of return,
mortgage rates will inevitably have to rise in order to
attract the investors.
|
