--- title: Headed Back to the Future description: Rates are just above all-time lows, and as we are already starting to see, they may not be for long. image: https://www.carringtonwholesale.com/wp-content/blogs.dir/2/2020/10/Market-Trends_2020.10.26.jpg --- [Skip to content](https://info.carringtonmortgage.com/knowledge-base/headed-back-to-the-future#main-content) ![bell icon](https://info.carringtonmortgage.com/hubfs/raw_assets/public/Templates/2022/svg/Alert-Notifications-Icon.svg) [![Carrington Mortgage Services](https://info.carringtonmortgage.com/hs-fs/hubfs/carrington_logo_final_2col_rgb.png?width=250&height=57&name=carrington_logo_final_2col_rgb.png)](https://www.carringtonmortgage.com) - [About Us](https://www.carringtonmortgage.com/our-mission) - [Careers](https://www.carringtonhc.com/careers) - [Investors](https://www.carringtonhc.com/investors) - [Contact Us](https://www.carringtonmortgage.com/contact-us) [Recent Transfer](https://www.carringtonmortgage.com/new-customers) [Customer Login](https://www.carringtonmortgage.com/login) MAKE HOME WORK Manage My Home arrow-down-anticon/submenu Manage My Mortgage arrow-down-anticon/submenu Learning Center MAKE HOME WORK Manage My Home arrow-down-anticon/submenu - I Am Ready to Start - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home/check-existing-customer) - [Refinance My Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home/refinance-step) - What Loan Is Right For Me? 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Why? **Stimulus, Stimulus, Stimulus** With two weeks to go before the election, it’s not a matter of if, but when a stimulus plan is coming. At the moment, it’s looking like a plan of at least $2 trillion or more and the markets are preparing for the “future”, which looks like further economic expansion and a growing threat of inflation — both of which Bonds and rates hate. In addition to the positive economic outcome, stimulus provides, the new stimulus must be purchased by investors through Treasury auctions and the increased supply weighs on prices and drives yields/rates higher. **Don’t Fight the Fed** This recent rise in rates has the Fed’s attention. At the moment, the Fed is purchasing $120 billion worth of Treasuries and Mortgage Bonds each month to help pin down rates. Should Treasury yields continue to climb and drag Mortgage Bond prices lower still, causing home loan rates to rise, it is very likely that the Fed will step in and either buy even more Bonds and/or institute some sort of Yield Curve Control (YCC) to pin down long-term rates. The Fed wants to further stimulate the economy by giving more and more people the ability to refinance or purchase a home, and much higher rates would prevent those efforts. *Bottom line: Rates are just above all-time lows, and as we are already starting to see, they may not be for long.* ## Related Articles [![](https://info.carringtonmortgage.com/hubfs/Market%20Trends_2020.10.19.jpg)](https://info.carringtonmortgage.com/knowledge-base/europe-pain-is-bonds-gain) [Market Trends](https://info.carringtonmortgage.com/knowledge-base/tag/market-trends) ### [Europe Pain is Bonds Gain](https://info.carringtonmortgage.com/knowledge-base/europe-pain-is-bonds-gain) **Last Week in Review: Europe Pain is Bonds Gain** [Jordan](https://info.carringtonmortgage.com/knowledge-base/author/jordan) [Read More](https://info.carringtonmortgage.com/knowledge-base/europe-pain-is-bonds-gain) [![](https://info.carringtonmortgage.com/hubfs/Market%20Trends_2020.05.18.jpg)](https://info.carringtonmortgage.com/knowledge-base/fed-speak-shakes-markets) [Market Trends](https://info.carringtonmortgage.com/knowledge-base/tag/market-trends) ### [Fed Speak Shakes Markets](https://info.carringtonmortgage.com/knowledge-base/fed-speak-shakes-markets) **Last Week in Review:**Fed Speak Shakes MarketsHome loan rates remain near historic lows and have stabilized, thanks mainly to the Federal Reserve, as the central bank... 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