Seattle Mortgage Rates Today, December 19, 2008

FED chairman, Ben Bernanke, announces Tuesday the Federal Reserve will begin to invest heavily in Mortgage Back Securities. How did this affect mortgage rates? We are now seeing interest rates of 2003 in the last refinance boom. With interest rates primed to continue to hit historical lows the government is hoping to stabilize the real estate market and de-thaw the financial institutions. This creates more opportunities, but are you ready?