{"id":6200,"date":"2014-03-24T13:21:59","date_gmt":"2014-03-24T13:21:59","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6200"},"modified":"2014-03-24T13:21:59","modified_gmt":"2014-03-24T13:21:59","slug":"mortgage-rates-fall-rises-likely-next-week","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-fall-rises-likely-next-week\/","title":{"rendered":"Mortgage Rates Fall, But Rises Likely Next Week"},"content":{"rendered":"

Mortgage Rates Fall, But Rises Likely Next Week<\/h2>\n

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Mortgage Rates Fall, But Rises Likely Next Week. Image courtesy of ddpavumba \/ FreeDigitalPhotos.net<\/p><\/div>\n

Freddie Mac says that the drop in mortgage rates this week may be temporary, due to the Fed\u2019s recent announcement that it would begin winding down its bond-purchasing stimulus program sooner than originally thought.<\/p>\n

The Federal Reserve hinted Wednesday that interest rates could start to rise in early 2015, and that it is continuing to taper its economic stimulus programs, including its bond-purchase program that had been aimed at holding down long-term interest rates and increasing job growth. The Fed said that rates could remain low for \u201ca considerable time\u201d after its bond purchase program ends, but new Fed Reserve Chair Janet Yellen then later clarified that would be about six months time frame.<\/p>\n

\u201cThe rate on the 10-year treasury note rose following the Fed’s announcement Wednesday afternoon and, if this holds, interest rates may begin to trend higher going into next week,\u201d says Frank Nothaft, Freddie Mac\u2019s chief economist.<\/p>\n

Freddie Mac reported the following national averages with mortgage rates for the week ending March 20:<\/p>\n