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End of QE2: financial crisis timeline

 

 

Mortgage rates and the Fed

Click through the timeline below to see the effect the Fed's moves had on mortgage rates.

QE3 End of QE2 QE2 End of QE1 QE1 2008 Financial crisis

End of QE2: June 30, 2011

What the Fed did

  • As previously announced, the Fed concluded its $600 billion bond purchasing program.
  • QE2 was conducted at an even pace, and the end date was telegraphed from the start of the program.

What was expected

When the program was about to end, some mortgage experts feared rates would rise.

What happened

Mortgage rates have tumbled since QE2 ended and have recently reached record lows.

How mortgage rates reacted to the end of the QE2

Note: Mortgage figures are from Bankrate's weekly national survey of large lenders.

 

 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.73% 3.65%
15 yr fixed mtg
2.85% 2.79%
5/1 ARM
2.60% 2.59%
30 yr fixed mtg refi
3.72% 3.64%
View rates in your area:
 

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