Mortgage Rates had an overall positive week, the FNMA 4.5% 30 YR posted a .43bp total improvement for the week with only a slight scare on Thursday when we witnessed a capitulation of .65bp.

Speculation on the improvement can be attributed to the 9 Firm kick start of the Public Private Investment Program (PPIP).  This does weigh heavily and is a major contributing factor, although with more than $612B still earmarked for Federal Reserve MBS Purchase Program it is hard not see downward pressure on rates.  I should note one caveat once the program wraps it’s “Back to the Future – Carter Era Inflation”.

For now lets enjoy the historic low rates.  Real Time Mortgage Rates!

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