Posted by: Roby Robertson | April 6, 2010

Fed Ends Its Purchasing of Mortgage Securities

The Federal Reserve’s single largest intervention to prop up the American economy, its $1.25 trillion program to buy mortgage-backed securities, came to a long-anticipated end last week. The program has been credited with holding mortgage interest rates at near-record lows and slowing the nationwide decline in home prices that threatened to send the economy into an extended slump.

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Thinking of buying your Lake Norman area home?  You might want to think about the fact that interest rates may start to rise by the end of the year.  Contact me and I can help you with finding your dream home and putting you in contact with a lender that knows what is going on!

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