Where Are Mortgage Rates Going In 2010?
They are going up!!!
http://www.marketwatch.com/story/bernanke-exit-timing-to-depend-on-data-2010-02-10-120120
The Fed could increase the interest paid on excess bank reserves to sop up “extra” cash out there, which may have more of an impact than raising the overnight Fed Funds rate. Not only are investors wondering about another extension (not likely) of the MBS purchase program, but also when the Fed might decide to start selling MBS’s from their portfolio… this would pull money out of the economy and shrink the Fed’s $2.2 trillion balance sheet, helping to avoid inflation and getting the Fed out of the business of subsidizing mortgages, but also push mortgage rates higher. (Crisman Report 2-10)
Also:
“Refinances in 2010 will be down 52% and purchase mortgage volume will be down 5%
from 2009, according to the latest projections from iEmergent, a Des Moines,
Iowa-based market research firm.” (National Mortgage News)
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Market research is always essential for the succes of any kind of business.”~~
all businesses need market research to make sure that a product will succeed.~**
market research is of course always needed before venturing into a new business-:-
every business and investment needs some very good market research if you want it to succeed ;*-