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: Mortgage Lender Implode-o-Meter

Lower Mortgage Rates Make Refinancing a No-Brainer

By Implode-Explode Heavy Industries

"The Fed has signaled that when it does start to raise rates it also would start to sell some of the trillions in assets, including mortgage-backed assets, that it bought during the downturn. As it sells those assets, mortgage rates will likely move up more quickly. So don't wait too long, if you're trying to catch the trough of the interest-rate wave."

Full post as published by Mortgage Lender Implode-o-Meter on May 27, 2010 (boomark / email).