How and Why do Mortgage rates move?

Have you ever been curious about how and why Mortgage rates move?  Well, there are many factors that influence these rates and here is a short video that describes them in basic detail.  It’s anyone’s guess as to where rates are headed for 2010 but the consensus seems to be that they will begin to edge up throughout the year.  With the economic disaster closely behind us and the extreme amount of money that has been pumped into the economy to shore it up, it seems only logical that we will need control inflation in the months and years to come.  That usually means a rise in interest rates.  If you or someone you know is considering buying or selling a home I would love to help them.  I think this is an excellent time to purchase a home and take advantage of the historically low mortgage rates.  Plus, time is running out to take advantage of the $8,000 first-time homebuyer tax credit or the $6,500 move-up tax credit.  I work closely with several very reputable lenders and would be happy to pass along their contact information if you you are considering a purchase.  Please contact me today while rates are still very low.