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What is Going to Happen to the 30-year Mortgage Rate?

The Federal Reserve has been buying as much as $40 billion a month of mortgage-backed securities (MBS) which are mortgages bundled into products for investors. However, that buying has been reduced to $10 billion a month.  
 
While banks have stepped up their mortgage buying this year, will banks take on the risk of 30-year, fixed-rate mortgages?  
 
If 30-year mortgage rates would go away then home buyers would have higher monthly mortgage payments and would this then cause lower housing prices, since there is less demand?
 
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September 3, 2014 Posted by | Uncategorized | Leave a comment