Monday, February 15, 2010

Mortgage rates poised to jump as Fed cuts funds

Wonder what this will do to home prices? Stay tuned...

-Mr. Bubble



Mortgage rates poised to jump as Fed cuts funds

The Federal Reserve is poised to turn off a major money spigot that has helped sustain the ailing real estate sector, as an extraordinary program under which the Fed has pumped $1.25 trillion into the mortgage market is slated to end March 31.
"Housing has been on government life support, and without it the crash would have been much more severe," said Mark Zandi, chief economist with Moody's Economy.com in Pennsylvania. "This spring and summer as those policy efforts unwind, we most likely will see mortgage rates move higher and more house-price declines."

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5 comments:

  1. It's best to buy properties with clean papers. You can always ask assistance and advice from the experts like the property specialist and their resident agents.

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  2. Compare loan offers from different companies to help you find the most competitive rates and the best choice for your finances.

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  3. The Hamptons Real Estate Market has changed a lot in recent years, the one thing that remains consistent here is that the homes are all luxury designs with amenities that most in this particular market expect. Although, it might be as true for some of the more local and year round residential properties. Anyway, nice post.

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  4. This is an interesting artice. Im not sure how I came across an real estate article, but interesting to read.

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  5. This is an interesting article. Im not sure how I came across an real estate article, but interesting to read.

    ReplyDelete