What Will Happen When Mortgage Rates Spike?

AOL posted: 12:33 PM 08/19/09

Last week, the Federal Reserve announced that it would be winding down its $1.25 trillion effort to purchase mortgage-backed securities later this year -- ending a program that has been instrumental in driving mortgage rates to record lows, which helps make homes more affordable with lower monthly payments. What does this mean for you?

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2009-08-19 12:33:21

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