The Federal Reserve said it expects to end a $1.25 trillion program that buys Mortgage-Backed Securities as scheduled March 31, 2010. This program has been the main reason why mortgage rates have been so low. It is widely expected that mortgage rates will rise higher this year (possibly 1 point or more). So, if you are contemplating a purchase, now is a great time to buy while the rates are still historically low (5.0% for a 30-year, fixed-rate mortgage).
If you have any questions about this subject or anything else related to the Cape Cod Real Estate Market, please contact me. Please visit my website, www.SellingCapeCodRealEstate.com, for FREE Cape Cod MLS searching, recent sales, etc.
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