Mortgage Rate Prediction for April 1st, 2010

With the Feds MBS purchase program closing at the end of this month, most mortgage professionals and economists agree that mortgage rates will go up.  How far, how fast mortgage rates will move up and exactly how soon after the Feds stop purchasing is up for discussion.

No double-talk.  No guessing both sides.  No putting chips on red and on black.

Imagine it’s Thursday, April 1st, the markets open . . . uh-oh, the market . . . and then at 10:45 AM EST, your first rate sheet of the day comes across your email (ding).  You double-click the pdf file (scroll, scroll, zoom-in, zoom-in, scroll back up because you went too far).

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Thursday, April 1st, 2010

30 Year Fixed Rate Mortgage, at par pricing = ??

Add your prediction by commenting on this post.

OR

By posting your prediction on twitter with @myratetrack or using #mortgageratepredictionAprilOne

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Tags: 1.25 trillion, Feds, Feds buying MBS, MBS, mortgage backed securities, mortgage rate prediction, mortgage rates