Mortgage Daily

That sort of criticism highlights the difficulty of the Fed’s mission, and though the significant drop in mortgage rates in the past six months has been welcome in almost all quarters, it is hardly a magic bullet for the multi-faceted housing market … Ely and others say it is only a matter of time before the government will have to start paying a premium to entice investors to buy new government debt and that in turn will raise mortgage rates . …

Continued here:
Fed’s Move to Lower Mortgage Rates May Backfire On Market - Spring …

Tags: barack-obama, current-date, documentid, economy, interest-rates, markets, news, toxic-assets