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mortgage interest rates up, and they go and are dependent on several factors, including the cost of funds and the availability of these resources. The Federal Reserve may lower interest rates, but they can also use the money.

We have to compare mortgage interest rates since November 2007. The subprime lending crisis has had a negative impact on the availability of funds. In the past, lenders and mortgage brokers to provide loans to a secondary market purchase, the loans in bundles.

As long as these loans were from the other lenders continue to loan more money. The secondary market tanked and the hedge funds and security policy buyers quit buying the bundled mortgages.

The nations largest lender Countrywide, has suffered this fate. The mortgage broker and the client was unable to re-coup their money from the secondary market. Countrywide could not be many more loans.

Since November, prices have fallen, but the availability of funds have been tightened. Lenders have made a great selection in their lending practices because it has become more difficult to sell those loans.

So, what should lenders do? The foreclosure rate has been even harder to sell a house. The banks are involved in these houses at an alarming rate. The banks need to start working with the borrower, which suffer from higher interest rates after they reset.

Our study has found that prices have fallen since November from 6.4 percent (annual rate) to about 5.8 percent (annual rate). These rates are based on a new purchase loan of $ 300,000 to $ 417,000. We removed national lenders from the calculation. See the link below for more information.

Current Home Loan Mortgage Interest Rates and Calculator