Mortgage rates for 3/1/13
“Mortgage rates ended the week slightly lower, influenced by the close Italian elections and continued concerns about Europe’s Economic problems. This caused a “Flight to Safety” by foreign investors and in combination with Ben Bernanke’s continued strong support of the Fed’s bond buying programs the yield on the 10 year U.S. Treasury fell back below the 2% mark and mortgage rates followed to previous lows as well. Apparently Ben Bernanke is continuing to exert his control over the Federal Reserve Bank by ignoring the concerns of many of the other members. How long this will continue is still speculative, but as long as the Fed continues to print more & more money by purchasing more & more U.S. Treasuries and more & more Mortgage Backed Securities our lower income buyers can continue to buy more & more houses they otherwise couldn’t afford. ” Ted Gosnell First Home Mortgage
Editor’s note:…
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The Justin Lindsey Report 