Quote:
Originally posted by Moneyguy1
And...Is the recent drop in mortgage rates a momentary glitch or will they tend to stay low for the forseeable future?
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There is just no telling. There are too many factors to make any reasonable predictions. However, as long as the Federal Reserve continues to inject large numbers of new dollars into the financial system, there will constantly be more dollars chasing fewer quality investments. These conditions will work to keep treasury prices high and yields on mortgages low.