Mortgage Rate Week Review July 10, 2009 – (Chart)
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!
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=850b524c-b37f-4a60-bebc-4323f2e25232)
No related posts.
