The Federal Reserve Bank is poised to pull the money off the table that has helped sustain the ailing real estate sector, $1.25 trillion to be exact, by March 31, 2010.
The Federal Reserve is currently winding down its purchase program of Mortgage Backed Securities that has been responsible for the recent streak of the lowest mortgage interest rates on record.
If you are considering a mortgage loan and you are on the fence about when to act, now could be the right time. Rates are not likely to be this low for much longer.
