Relevant:
- Current Mortgage Rates Spiking, Panic Sets in, 30-yr fixed FHA Rates Rise too
- Mortgage Rates 11-16-10: Current Mortgage Rates Shoot Up a Quarter Point
- Mortgage Rates 11-17-10: Mortgage Rates Stabilizing at Higher Levels, Jumbo Loan Rates Unchanged
- When Will Mortgage Rates Finally Rise?
- Mortgage Rates to Another Record Low, 4.25%
2008-12-03 — ml-implode.com
It’s been a week since Ben and Hank announced plans to pump $600 billion into mortgage-backed securities in order to “revitalize†the housing market. Mortgage rates responded by falling below 6%. But that’s not low enough for Hank, so he’s considering a new plan to bring mortgage rates even lower, to 4.5%.
Maybe the goal isn't to "revitalize the housing market". Maybe the goal is to buy mortgage securities off the Chinese at an even more rapid clip.
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