Mortgage Blog

From December 13th to January 11th the New York Federal Reserve's trading desk will purchase an estimated $105 billion Treasuries and Treasury inflation-protected securities. These purchases will be spread out over 18 operations.

This will help the staablize teh mortgage rates. Some lenders posted better rates this morning because of that.

So mond is the right indicator of the rates for the next month. We will have to watch mortgage rates related "Rate Sheet Influential Treasuries".