Mortgage Rates April 22, 2009 – Historical Mortgage Rate Chart

Mortgage Rates April 22, 2009

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

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1. Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast (Chart) | Arizona Foreclosure Homes (REO's) BLOG says:

   May 5, 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”! [...]