LoanCentral's Real Estate Lending Blog

Yes, the Federal Reserve completed its $1.3 Trillion dollar purchases of Mortgage Back Securities, the prime stimulas that has held mortgage rates down at the lowest levels for 50 years.

The program ended March 31st - so why have rates not bounced back up to previous levels "Pre-Stimulas"?

Part of the reason is the turmoil in Europe and bankrupt countries such as Greece. This brings billions of dollars of investments into the United States where investors are looking for safety in US Treasuries.

That said, there is still much volatility in mortgage rates as seen in the LoanCentral 3 month rate history graph below. (This is updated every Friday and available on the weekly market update )

(more detailed rate graph is available here )

Now that we've seen where rates have been, where are they going? Our own panel of experts see rates in the near term as pretty steady.

Understand that interest rates can be extremely volatile and change on a daily (minute by minute) basis - please seek the advice of one of our licensed loan officers at LoanCentral for information on whether you should lock your rate or float. While information regarding interest rates and the current mortgage back securities market is available to our professionals, the decision to lock or float your rate is ultimately up to you, let us help educate you on your decision!