What You Need to Know About the Current Mortgage Trends

Unusual Stabilization of Rates

You know already that the Federal Reserve dumped billions into mortgage which depressed the interest rates.  However, all financial bail outs have stopped already.  Experts expected that this will cause an unprecedented increase in mortgage interest rates.  However, the contrary happened as the market saw a stabilization of interest rates.  This is due to the low demand for new mortgages due to the continuing uncertainty of the economy.