Tag: interest rates

Affect on Mortgage Rates from Bernanke Announcement

Federal Reserve chairman Ben Bernanke announced today that they may be easing the quantitative easing programs as early as this year.  This program includes the purchases of mortgage backed securities (MBS) which are the packaged residential mortgages sold by banks and mortgage companies.  The slowing of these purchases would take affect if the unemployment rates… Read more »

How to get a Low Rate Mortgage: April Mortgage Rates

April Showers Low Mortgage Rates Another month has passed by as we enter the month of April. For those buying a home or in the process of refinancing their mortgage you may be wondering what is in store for mortgage rates in April. While quantitative easing continues with the Fed purchasing 85 billion dollars in… Read more »