It's April 1st and the Fed has officially pulled out of the MBS (Mortgage Back Security) Purchase Program

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Mortgage and Lending with Primary Residential Mortgage

So far today, rates have been relatively stable with the 10-year T-Bill currently around a 3.83% yield, the same approximate level it has been all week.  This is good news for home buyers.  Last week, the pasage of the Obama Healthcare Reform Plan did not provide such good news at we watched rates increase nearly 25 basis points as the market priced in the impact to the US Economy of the new costs associated with Obama's Reform Law. 

At least we are not yet getting a double-whammy with a further increase in rates as the Fed ceases its buying of 1.25T in Mortgage Backed Securities. 

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Mike - Thank you for sharing an informative and helpful blog.

John

Apr 01, 2010 04:37 AM #1
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Mike Tarleton

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