Posted by: Leah D. Schulz, Loan Officer
2008-12-02 15:58:45
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Where are rates headed in 2010?
Contrary to common belief, mortgage rates are not controlled by Banks, the Federal Reserve, the Government or even the President. They are dependant completely on market demand of long term mortgage bonds called “Mortgage Backed Securities” (MBS). When there is demand for Mortgage Backed Securities, this means the market is buying this instrument, thus causin...
