would we see another Refi boom in coming months???

Now thats a very difficult question.But with the obama government trying all it can to keep rates down .....its not impossible even.

Analyze this for yourself

• Over the last few months, the Treasury has decided to auction bonds which saturates the market and pushes bond rates down. When that happens ,it will also show for mortgage rates.....as in we have always seen a direct relationship between treasury bonds and mortgage rates.
• The Federal Reserve is also helping to keep average mortgage rates low by buying up trillions of dollars in mortgage backed securities.
• President Obama is willing to do whatever it takes to keep daily mortgage rates low in hopes of helping the overall housing market.

But in the last few days we have seen a upward trend in treasury rates ,so until and unless we have some drastic steps taken by Fed or the government ,possibility of mortgage rates going up is just on the horizon.

Also in a long run ---if the markets are setting the rates ,it beneficial for the whole of housing markets.

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