Mortgage Rates: Moving Up Everyone in the housing business seems to be counting down to the approaching deadline with baited breath. No, not April 30, when the home buyer tax credits expire. March 31, when the Federal Reserve stops buying mortgages and mortgage-backed securities — reportedly, anywhere from $10 to $25 billion, per week, since...Read More
Didn’t Lock? Wait, and Hope for the Best Nice piece exploring the potential fallout from this week’s dramatic spike in mortgage rates (Potential Consequences of 5.5% Mortgage Rates). Although I think it’s premature to entertain all the negative consequences — after all, it’s possible that rates may drop as quickly as they popped — the...Read More
