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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?
 
To read more…
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September 3, 2014 - Posted by | Uncategorized

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