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Surprise! Mortgage Rates Are Falling Again

Last year, mortgage rates rose substantially, hurting banks JPMorgan Chase (NYSE: JPM  ) , Wells Fargo (NYSE: WFC  ) , and other mortgage lenders. But now, they've started falling again. What's happening and why?

In this following video, Dan Caplinger, The Motley Fool's director of investment planning, discusses the latest trends in mortgage rates. Dan notes that the Federal Reserve has been buying mortgage-backed bonds to keep rates down, but this year, the Fed has been reducing its purchases under quantitative easing. Last year, the threat of Fed tapering sent rates soaring, but this year, the expected further increases in mortgage rates hasn't happened. In fact, mortgage rates are down a quarter percentage point. Dan points out that rates are still well above their lows from last year, but he concludes that they're still attractively low compared with historical levels.

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Dan Caplinger
TMFGalagan

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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Related Tickers

9/30/2014 4:01 PM
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JPMorgan Chase & C… CAPS Rating: ****
WFC $51.87 Up +0.18 +0.35%
Wells Fargo CAPS Rating: ****

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