Mortgage Loan Rates in 2010
30 year fixed mortgage rates could drift higher throughout 2010, ending the year at over 5.5%, according to Mark Zandi, chief economist at Moody's Economy.com.
Delinquent mortgage buyouts by Fannie Mae and Freddie Mac could partially fill the void left by the withdrawal of the Federal Reserve from the mortgage-backed securities market.
That is good news for the real estate market because the buyouts could put billions into the accounts of investors for reinvesting in mortgages, which can help to keep mortgage loan rates down.
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Delinquent mortgage buyouts by Fannie Mae and Freddie Mac could partially fill the void left by the withdrawal of the Federal Reserve from the mortgage-backed securities market.
That is good news for the real estate market because the buyouts could put billions into the accounts of investors for reinvesting in mortgages, which can help to keep mortgage loan rates down.
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posted by CRHOME.com at
8:20 PM
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