7
Dec
Is A Big Mortgage Rate Increase Coming in 2010?
Housing market
Wall Street insiders estimate the Fed’s $300 billion in Treasury purchases helped push down rates on those securities by half a percentage point and its purchasing of mortgage-backed securities (it will eventually buy $1.25 trillion) is pushing down rates on those securities by a full percentage point.
US government bought over 90% of all mortgages last 3-4 months
