Interest rates on home loans offered up a mixed bag of results this week. Freddie Mac says fixed-rate mortgages showed no change or dipped slightly and adjustable-rate mortgages ticked upward. Even with the inconsistencies, rates remain near their record lows. Those lows may drop farther with the Federal Reserve’s announcement Wednesday that it’s planning a new buying spree of mortgage-backed securities and Treasuries. Leading indicators in the bond market since the Fed’s statement suggest mortgage rates will again start falling. » Read More
The Bremner Group at Coldwell Banker
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