Why is the mortgage rates going up so high and so fast?

Answers:3   |   LastUpdateAt:2012-09-29 07:27:03  

Question
student04
Asked at 2012-09-17 01:17:03
If Obama gave stimulus pacakge $ both the banks and the banks want to lend money so that the economy can recover from the recession , so why mortgage rates to rise so high and so fast? This makes people less attracted to buying a new home . I'm from so cal and repayment of $ 8K , its nothing because the median home price is $ 450K and more
Answer1GinnerAnswered at 2012-09-18 06:06:03
Wizjp is correct and there is now an oversupply of mortgage-backed securities in the market now and it will take a few weeks to float down
Answer2AshandaAnswered at 2012-09-27 08:42:05
Demand. The whole world uses refinancing.
Answer3lisa clemAnswered at 2012-09-29 07:27:03
If the weather is bad , and they desperately wanted to rebuild the housing industry , and only after a few months seizes the backup types . To be honest, I did not even think a rate of 4 % was impressive . I would have bought at the rate of 2% to $ 10,000 tax credit for all home purchase ( not just run by HUD ) , which would have been more attractive .
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