Fed Ends Historic Agency MBS Purchase Program; World Doesn’t Come to an End
April 9, 2010
Home mortgage interest rates continued to creep higher this week – as they have for the past few weeks – after the MBS market lost its biggest investor, the Federal Reserve. Primary market rates for 30-year Fannie/Freddie fixed-rate mortgages averaged 5.16 percent as of midweek, according to Inside Mortgage Finance, an affiliated newsletter. That was up 8 basis points from... {Includes one chart]