Mortgage Rates: Where are they going now?

Storcks-smallHome buyers, do your homework.  Now might be the time to lock in a low rate! Market specialists are predicting that rates are going to continue to go up.  Included in this article is a really cool timeline of the history of US Mortgage rates.  It’s cool the see the trending, and a little scary I’ll admit.  With the Denver market being an emerging place to be and experiencing high population and job market growth, we could see a vast change in the market.

Check out the article from the Denver Post.

Fannie, Freddie say overhaul would boost mortgage rates

WASHINGTON — Ahead of a key Senate vote scheduled for this week on a bill to replace Fannie Mae and Freddie Mac, the companies outlined concerns about the bill in detailed memos distributed to lawmakers on Friday.
Fannie and Freddie, which were taken over by the U.S. in 2008, haven't been allowed to lobby. But the Treasury Department, which injected nearly $188 billion to keep the companies afloat, asked the companies to provide technical input on the Senate bill, which the White House supports.

Read the full article here.


 


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