del mar real estate: Mortgage Rates to Rise, So Now is the Time to Buy! - 02/09/10 04:34 AM
. Mortgage rates to rise: Anyone who purchased a home in 2009 was presented with some extremely attractive mortgage rates. Rates on 30-year, fixed mortgages fell to an average of 4.88 percent in November, down sharply from 6.09 a year earlier. A key factor behind the plunge was a Federal Reserve program, first announced in November of 2008, that purchased debt and mortgage-backed securities from Fannie Mae and Freddie Mac. But the program is slated to expire at the end of the first quarter, and if private investors don't step up, fixed mortgage rates could jump. (The Fed, of course, could … (1 comments)

 
Marla Zanelli (Willis Allen Real Estate)

Marla Zanelli

Rancho Santa Fe, CA

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Willis Allen Real Estate

Address: PO Box 107, Rancho Santa Fe, CA, 92067

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