Wells Fargo's Mortgage Gains May Be Unsustainable
While the Fed has promised to buy more mortgage bonds, interest rates may not fall much further. If mortgage rates stagnate or rise, fewer borrowers are likely to refinance or buy a house. And if the mortgage bond market weakens, banks will make …
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Long-term mortgage rates rise in week
10 (UPI) — Long-term U.S. mortgage rates rose in the week ending Thursday, climbing further away from recent record lows, the Federal Home Loan Mortgage Corp. said. While the historic low for 30-year, fixed rate mortgages was set Nov. 21, 2012, rates …
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