Freddie Mac interim chief executive John Koskinen says in todays paper 3/29/09 "Mortgage rates are "probably as good as it's going to get" and the housing market is likely to rebound sooner than some forecasts. "Mortgage rates, if they go down at all further, it's going to be incremental. " Interest rates are probabaly close to bottoming out, and therefore we are telling people" to buy. US 30 year fixed rate mortgage fell to 4.85%. The U.S. housing market might improve sooner than some economists' forecasts as people who had put off home purchases take advantage of a "buyers market." |
