1 Day Left Before Fed Exits Mortgage Bond Purchase Program

by Administrator 30. March 2010 10:05

The Federal Reserve’s $1.25 trillion program that has supported the mortgage market since 2008 ends tomorrow.  Today we have already seen the bond be extremely volatile, down as low as -31 bps.  When the bond goes down, rates go up.  If you are planning on purchasing or refinancing and have not taken advantage of the current great rates, highly consider locking in your rate today.

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