mortgage rates 30 year fixed
Get current mortgage rates and 30 year fixed mortgage rates at www.current-mortgage-rates.net/compare-mortgage-rates/mortgage-rates/30-year-fixed-mortgage-rates
current mortgage rates increase again.
Current mortgage rates have been increasing steadily since exactly 2 days after QE2 was announced. Investors have been selling both Fannie Mae Mortgage Backed Securities and Ginnie Mae Mortgage Backed Securities at record paces. This has pushed yields higher and higher, which has pushed mortgage rates higher and higher. The 30 year fixed mortgage rate is climbing and may be approaching 5% 30 year fixed very soon. www.current-mortgage-rates.net
is QE2 fanning inflation?
According to CNBC’s interview with Jim Bianco of Bianco Research the Fed’s QE2 was designed to make the stock market go up and get consumers spending. This is creating a bubble and inflation. All guests on this show agreed that inflation is increasing and more pressure on inflation exists. Inflation, anticipated inflation, and Inflationary pressures are bad for fixed income securities. Treasury notes and bonds, mortgage backed securities, and bonds are all fixed income investments and are selling off and will most likely continue to sell off. This causes rates and mortgage rates to increase.
current mortgage rates increase with Fed QE2
The federal reserve’s qantitative easing 2 has opposite of intended effect on mortgage rates. Curren Mortgage Rates increase.
Current Mortgage Rates increase as unemployment claims decrease, consumer spending increases
Bloomberg Video relays data on consumer spending, unemployment claims, and durable goods orders. Current Mortgage Rates increase week over week.
Nov. 24 (Bloomberg) — Applications for unemployment benefits in the U.S. declined by 34,000, more than forecast, to 407,000 in the week ended Nov. 20, according to the Labor Department. Consumer spending rose in October for a fifth month as a rebound in incomes lifted the biggest part of the U.S. economy at the start of the final quarter of 2010, Commerce Department figures showed. Orders for goods meant to last several years unexpectedly fell 3.30 percent. Bloomberg’s Michael McKee and Betty Liu report. (Source: Bloomberg)
