Relevant:
- Mortgage Rates to Another Record Low, 4.25%
- Current Mortgage Rates 6/4: Mortgage Rates to Record 4.375%
- Mortgage Rates 11-18-10: 30 Year Fixed Interest Rates to 4.5%?
- Mortgage Rates 11-16-10: Current Mortgage Rates Shoot Up a Quarter Point
- Today’s Mortgage Rates 5-14-10: WOW, 30-Year Fixed to 4.625, FHA to 4.5
2010-04-02 — freerateupdate.com
``Mortgage-backed securities, which drive current mortgage rates in the opposite direction, are down today... As a result, lenders have adjusted most of their rates for the worse. The Fed’s mortgage-backed securities purchasing program ended 2 days ago and it’s possible fears of sky-rocketing rates were warranted. While it’s very possible the big drop in MBS prices and sharp rise in mortgage rates tapers off, it’s surely unsettling for everyone.
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