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News Affecting Mortgage Interest Rates for the Week of 4/05/2010

5 April 2010

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     This past week we saw mortgage interest rates move higher as the Fed’s program to purchase $1.25 Trillion of Mortgage Backed-Securities came to an end on Wednesday, March 30, 2010. Though interest rates did go higher, mortgage interest rates are still at historical lows.      And dont’ forget that ending this month is the 1st Time HomeBuyer [...]

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Fed’s Mortgage Backed-Security Purchase program ends today

31 March 2010

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     Today ends the Federal Government’s mortgage backed-security purchase program. They would have purchase $1.25 trillion of mortgage backed-securities. This has helped keep mortgage interest rates at historical lows. There is no indication that the Fed will step back in and start buying again.       The one of Fed’s non-voting members, Richard Fischer, has indicated [...]

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