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Where Will Home Loan Rates Go and Why

The consensus is that rates are going higher in 2010. In May 2009 the Fed set aside funds to aggressively purchase mortgage backed securities, these securities are bonds which determine home loan rates. This program has allowed us to enjoy the low loan rates we have today. The Fed has already reduced the amount of these securities they are buying and the program will expire in March of 2010. This... [Read more]