Mortgage Rates February 27, 2009 Weekly Update

Another down week in the Mortgage Backed Security Market, the FNMA 30 YR 4.5% gave up 56bp, which is roughly .375% in Mortgage Rates.

The FED continued it MBS Purchase Program, acquiring $24.99BN this week.  The total is now $160.33BN of the allocated $500BN.  The program is set to run until this June. To date the purchase program hasn’t benefited rates in magnitude one would expect.

[where: Seattle, WA] [where: Phoenix, AZ] [where: 85012] [where: 98109]

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1. Posts about Mortgage Rates as of March 1, 2009 | Fair Loan Rate! says:

   March 1, 2009 at 4:30 pm

   [...] rates will be. With prices dropping and rates at an all time low, buyers are looking pretty well Mortgage Rates February 27, 2009 Weekly Update – myequitypro.com 02/28/2009 Another down week in the Mortgage Backed Security Market, the FNMA 30 [...]