ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Thursday, November 11, 2010
Mortgage rates fall to fresh lows this week
This week fixed mortgage rates dropped to the lowest they've been in decades. Just recently the FED revealing a economic stimulus bond-buying program and it helped instantly seeing the rates drop from 4.24% to 4.17%, the lowest its been since 1971. Mortgage rates tend to follow lower yields for investors and they will occur when the FED purchases the $105 billion in Treasurys over the next month. Do you think there is any other reasons why the mortgage rates dropped to this all time low?
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