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Real Estate & Property Law

: Housing Wire

Mortgage Rates Dive After Fed Announced MBS Purchase Plan

By DIANA GOLOBAY

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(Update 1 reflects a corrected statement from Frank Nothaft.) Long-term mortgage rates plummeted in the past week following announcements that the Federal Reserve would begin buying housing-related debt and mortgage-backed securities from the GSEs, according to the Primary Mortgage Market Survey released Thursday by Freddie Mac (FRE: 0.88 +7.32%). The 30-year fixed mortgage rate fell to [...]

Full post as published by Housing Wire on December 04, 2008 (boomark / email).

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