Have We Seen the Best of Mortgage Rates… Of Times?

Posted by on March 7th, 2008 at 09:35am

Sailing Kitty wrote an interesting post today on
Here’s a quick excerpt
I think we may have seen the best of mortgage interest rates for the foreseeable future. It’s very possible that we have already visited this year’s lows on fixed rate mortgages. Keep in mind of late, the foreseeable future is about as far away as tomorrow. Normally in a recession, mortgage rates respond to the Federal Reserve cutting the federal funds rate. This time around, it’s very different. Instead of mortgage rates dropping with the Fed lowering the target rate, mortgage rates are goin

Read the rest of this great post here

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