Follow Us: Google+
 
Bankrate.com

mortgage

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.

 

 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Mortgage Rates
Zip code:
Product:



advertisement
Most Read
  1. Beach towns with bargain homes
  2. 6 tips for successful yard sale
  3. Nick Nolte's house for sale
  4. 5 costliest tickets for car insurance
  5. 7 sedans for the young at heart
  6. 5 car models that lose value
  7. Ali Landry's house for sale
  8. Headlight requirements by state
  9. 9 gas-only, fuel-efficient cars
  10. 8 eerie ghost towns
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
View rates in your area:
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
Another indicator of an improving housing market: Realtor income is up.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.