Daily Real Estate News  |  March 8, 2010  |   Share

Mortgage Rates to Stay Low, Goldman Predicts
Investment bank Goldman Sachs recently predicted that mortgage rates won’t rise much when the Federal Reserve ends its purchases of mortgage-backed securities at the end of March.

Part of the reason is that demand for mortgages is low, says Goldman analyst Sven Jari Stehn. What would drive up mortgage rates, he says, is a decision by the Fed to sell the mortgage backs it holds, but that isn’t likely to happen anytime soon, he believes.

Source: The Wall Street Journal, Emily Friedlander 03/05/2010

Browse all of today's news

Don't forget to visit www.memphishomes-davidanthony.com for all your real estate needs or Call David Anthony at 901-864-2616 or email davidwanthony1@aol.com .