World by chartsMortgage rates have been stayed incredibly low, and some argue that now is the time or never to jump in a get a giant mortgage, courtesy of the government.
There is a striking correlation between the Federal Funds Rate and mortgage rates. And it is politically inconvenient for the Fed to increase rates while unemployment remains high. And at the rate we are going, it looks like unemployment might even go a bit higher before it plateaus.
Who knows? Mortgage rates might stay low well into 2010.
Series of interest:
Mortgage rates and Fed funds rate
Mortgage rates VERSUS Fed funds rate
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