Is This The Beginning of “The End Of The Low Mortgage Rates”?

During the financial crises The Fed began buying long-term securities — Treasury bonds and mortgage-backed securities — which helped reduce long-term rates, especially mortgage rates.  The Federal Reserve has just announced that they will end bond purchases but pledged to keep it’s benchmark short-term interest rate near zero for a “considerable time”.

How will this effect mortgage rates?  Most analysts believe that mortgage rates will rise, but how quickly and how high seems to be debatable.   Nevertheless, if you are thinking about purchasing a home, take advantage of today’s rates!