Its hard to believe but 2009 is almost half over. So, just out of curiosity I took a look at how interest rates have done for the first half of this year. What becomes apparent as you review these charts is that rates fell for a great portion of the year but have been on [...]

I was curious so I plotted how the 30 year fixed mortgage rate has been doing over the past year. I thought I’d share it with you: Data is from the Freddie Mac weekly primary mortgage market survey.

With the US Treasury purchasing $600 billion in mortgage backed securities mortgage rates are falling. There is also a plan being floated where the government would set the 30 year mortgage rate at 4.50% on home purchases – almost 1% below current market rates.  The idea being of course that the whole thing started with [...]