Mortgage rates, mortgage rate, mortgage rates! What is going to happen? According to the Federal Reserve Survey, mortgage rates are 1% lower today than they would have been because the Fed has been purchasing mortgage backed securities (MBS). That all stops the end of next month.

Since March of last year, the Fed has been buying over $20 billion in MBS until they started cutting back in October will less going out each month.  You can check out a chart showing the purchase in my weekly newsletter here.

The markets were closed yesterday and it will be interesting to see what happens this week. Right now, mortgage rates are doing well, but I expect them to be going up in the next month or so. Also, we have the Home Buyer Tax Credit going away on purchases after April 30. Hopefully we have enough momentum to see the real estate market continue.

Contact Me

If you have questions about mortgage loans please contact me at 541-342-7576/541-221-3455 cell or by e-mail. I am a Senior Mortgage Advisor at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am here to help you with your mortgage needs.

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