Where are Mortgage Rates Going in 2010?
It's one of the most frequently asked questions and also one of the most difficult to answer. Many experts are saying they anticipate rates to go up because the Governement is expected to stop pumping money into Mortgage Backed Securities -- But it's a complicated subject and even the "experts" don't see eye to eye.
We found a great video that explains what Mortgage Backed Securities are and how they effect the rates. It's the easiest to understand explanation we've found. Draw your own conclusions!
Unless otherwise noted, blogs are authored by Tonda or Steve Hoagland