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mortgage interest rates Adjustable Rate Mortgage Blog; January, 2009 Archive; Adjustable Rate Mortgage Blog

Mortgage rate to hit sub-5%

01/02/09 23:43

Due to the Federal Reserve's buying of half a billion dollars worth of mortgage-backed securities and gains guaranteed by Frannie Mae will push the mortgage interest rates lower than 5%.

Just last month, 30-year mortgage loans have hit interest rates lower than 6%. Now the next stop is lower than 5%, and this is very possible. Get ready to refinance your mortgage.

Link: Home-Mortgage Rates' Next Stop: Below 5% - WSJ.com


Tags: mortgage • frannie mae • mortgage interest rates •
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mortgage interest rates Archives: • January, 2009 •



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