Mortgage Blog

If you read my previous blogs, I did mention the job data will affect the rates. And that's the story today.

Fed QEII will help to push the rate stay at this low level for some time. And they "hope" that the borrowers can spend the money they said to stimulate the economy. Also, they want to push the stock market higher, so the corporation can hire more people to create more job. It may work though lots of noises.