Quick, lock in a mortgage rate!

Mortgage rates have been rising as rumors swirled that the Federal Reserve was considering a “taper” of asset purchases. This rise in mortgage interest rates scared off more than a few buyers and slowed the housing recovery.  However, with the Federal Reserve pledging last week to continue buying US Treasury securities and agency mortgage-backed securities, mortgage rates begin to fall again.  This may not be a good sign of the housing recovery; however, it is good for potential buyers who want to lock in a low interest rate right now.  For more on this story read, “Better lock in your mortgage rate. Now!”