Mortgage Rates Likely to Rise?

The Federal Government has been in the business of buying mortgage-backed securities for a while now as part of the economic stimulus plan. I won’t stray too far from the English language to explain all the details… The point is that as the Fed purchased these securities, it enabled banks to continue lending at very low interest rates. As the buying spree tapers off (and is scheduled to end in March 2010), rates are likely to increase.

Mortgage Backed Securities Buying Spree

This image is from a great lender that sends me regular updates on the status of the financial markets. If you’d like to know more about mortgage rates, refinancing options, or home loans, give Stacey King at Arvest Bank a call: 417-243-4401.

Branson home buyers should be aware that, while it appears that we’re still in a buyer’s market, mortgage rates could be on the rise over the next 6-12 months. It’s an important factor to consider when timing the purchase of a new home.

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God cares about honesty in the workplace; your business is his business. Proverbs 16:11 (MSG)