Many analysts predict this week's Mortgage Rates Survey by Freddie Mac will show 30 year fixed mortgage rates averaging under 5 percent Monday through Wednesday. The 10 year treasury yield, the best indicator for current mortgage rates, has descended 5 straight weeks touching a 2 month low Friday afternoon.
Bond auctions continue to draw strong demand driving down mortgage rates. TALF, a program created by the Fed to purchase Residential Mortgage Backed Securities and keep interest rates low continues through December.
Bond auctions continue to draw strong demand driving down mortgage rates. TALF, a program created by the Fed to purchase Residential Mortgage Backed Securities and keep interest rates low continues through December.
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