Mortgage rates drop a little

Roger Showley of the San Diego Union-Tribune reports a drop in home mortgage rates in the last week of September. I predict home mortgage rates will fluctuate and be unpredictable as long as the Federal Reserve continues it’s mortgage backed bond buying program. Every time there is speculation about the Fed’s intent to change their bond buying habits the mortgage interest rates have spiked up. I don’t think that speculation is going away soon.