September 28th, 2010 5:18 PM by Eric Fang
Even though the economic picture is a little bit rosy now(than last month), I still think the rate may go low lower.
And when talked about 4% of 30 yr fixed rate(in the last a few blogs). It was hit today if the borrower pay the closing cost. And today's Wall Street Journal talked about how the Fed will purchase the bonds. They may not purchase large scale of 1 Trillion or 2T like last year, but they will purchase small scale every month until the economy recovery is on the road.