Mortgage Rate Weekly Review March 27, 2009
Mortgage Rates stabilized this week ending where they started. The FNMA 30 YR 4.5% posted a small .0937bp gain, which equated into zilch for Mortgage Rates. (See Weekly chart below) The FED continued the now invigorated MBS Purchase Program aptly known as the Agency Mortgage-Backed Securities Purchase Program. The calm market can be attributed to the plan. In previous post I stated we would see rates rise after the original June and $500 Billion end date, with the FED announcement last week, we will see this range of rates for the foreseeable future.
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