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Paul Dunn's Answers


Will the mortgage rates rise if FED stops buying the mortgages? I heard that is going to happen in APR. Is that correct?
Joe's answer is right on. The Central Bank has been buying mortgage backed securities in an effort to keep mortgage interest rates artificially low for a sustained period of time. Their goal was to buy $1.25 Trillion in mortgage backed securities by March 2010.Fed Chairman Ben Bernanke...

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