usda rural loans: Money Magazine says loan rates are at a 6 month high- but will go back down-Portland Neighborhood Guide
- 06/05/09 07:01 AM
Should Home Buyers Lock in Rates? Should home buyers apply for loan lock-in rates that are at their highest level since February? Or should they bet that the federal government will find a way to lower rates?Money magazine staffers say the wildcard is Federal Reserve Chair Ben Bernanke. The Fed has been buying up long-term Treasuries and mortgage-backed securities to keep rates low. But when rates started to climb in the last week, the Fed seemed to signal that it wasn't too concerned. But now that rates have climbed to a six-month high, some observers believe that the Fed will refocus … (0 comments)
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Should Home Buyers Lock in Rates? Should home buyers apply for loan lock-in rates that are at their highest level since February? Or should they bet that the federal government will find a way to lower rates?Money magazine staffers say the wildcard is Federal Reserve Chair Ben Bernanke. The Fed has been buying up long-term Treasuries and mortgage-backed securities to keep rates low. But when rates started to climb in the last week, the Fed seemed to signal that it wasn't too concerned. But now that rates have climbed to a six-month high, some observers believe that the Fed will refocus … (0 comments)
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