Marketwatch – Bernanke gives home buyers a breather

Sep 22, 2013

from Marketwatch

Mortgage rates are poised to drop following the Federal Reserve’s announcement on Wednesday that it will continue with its bond-buying program, giving home buyers some breathing room for at least a few weeks.

Mortgage rates have been rising since late spring, when Federal Reserve Chairman Ben Bernanke first announced the possibility of a reduction in the $85-billion-a-month bond-buying program. The Fed has been the primary purchaser of mortgage-backed securities since late 2008, creating constant demand for these products, which helped push mortgage rates to record lows. Read full article

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