Mortgage Rates April 22, 2009 – Historical Mortgage Rate Chart
Rates remained stable today although the Mortgage Backed Security (FNMA 30 YR 4%) which dictates the price of rates closed negative for a second day. Overall rates are trending in the 4.5% to 4.875% range. The sustained range is much more palatable then the volatility experienced earlier this year. As discussed before the subsidized rates will only last until the completion of the Mortgage-Backed Securities Purchase Program, which is set to expire later this year. Following the expiration be prepared for circa 1980 rates. See Mortgage Rates 1975 – 2009 Chart
Mortgage Rates 1975 - 2009 Chart
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May 5th, 2009 at 11:39 pm
[...] If April was a harbinger of things to come for May, Homeowners and Homebuyers will be the proud recipients of stable LOW Historic Mortgage Rates (see chart). The FED will continue its Agency Mortgage-Backed Securities Purchase Program, which is will temporarily keep rates low. Once the Purchase Program wraps, “Hello Carter era Rates”! [...]