Mortgage Rates

The Fed said at a policy meeting several weeks ago that it would purchase up to $300 billion in Treasuries, and it didn't alter that target at this Wednesday's gathering. Thirty-year mortgage rates are still hovering in the high 4 percent area, but they'll climb if bond prices continue to tank. So the bottom line is if you are a buyer or refinancing in this market then I would recommend locking in on a mortgage rate asap in case they rise in the coming weeks. If you are a seller then price your home correctly because if rates potentially increase this makes your current overpriced home even more expensive to any buyer who is going to use financing.