Fed Expected to Stop Mortgage Subsidy: Real Estate Experts Urge Consumers to Buy Now

Next Wednesday (3/31) is a monumental day for the mortgage industry. It is the day that the Federal Reserve has said it will stop buying mortgage-backed securities in an effort to keep mortgage rates low and bolster the housing market. The expected outcome of this move is an increase in interest rates which have been hovering around 5 percent this week for a 30 year fixed rate loan.