What’s Ahead For Mortgage Rates This Week — June 10, 2013
Last week's economic reports provided a mixed bag of results. Investors continue to watch the Fed's mortgage backed security purchasing trends in order to determine forward mortgage pricing.
Last week's economic reports provided a mixed bag of results. Investors continue to watch the Fed's mortgage backed security purchasing trends in order to determine forward mortgage pricing.
Minutes of the Federal Open Market Committee recently released may have a significant impact on mortgage rates going forward. One significant development from the meeting suggests that the present quantitative easing program may be modified in the near future.
Last week's economic news includes several factors that drove U.S. mortgage rates lower.
Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators' failure to agree on budget cutbacks, and after Italyâs elections failed to reveal a leader committed to continuing economic reform.