The federal government will stop buying mortgage backed securities at the end of March. This means that instead of being a buyer which, drove interest rates to where they are today, they are going to become a seller of mortgage backed securities. This will likely mean the end of the low rates we have enjoyed for just over a year. This does not even mean rates will remain low until the end of the month, you may only have a week or two left to get the best rates. Keep in mind it takes about a week to lock in an interest rate from application to submission. The window of opportunity may be closing extremely fast. Don't wait.
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