Mortgage rates today climbed today, as the Fed announced that they will be stopping their Mortgage Backed Security purchases in late March. Rates rose from 4.875% to 5.215% in two days. This is going to be interesting to see how this will effect the recovery efforts and housing. Also, the Senate made it a step closer for Health Care reform, all the HMO's rose today in trading. Add this to the list of Social security, Medicare, and Amtrak, all government disasters. I do not have to tell you that the government is the worst run business in the world.
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