Federal Reserve striving to push mortgage rates to an all time low.

The Freddie Mac survey rate recently hit an all-time low of 4.87%, and qualifying borrowers can find sub-5% rates fairly easily. The recent actions of the Fed have pushed fixed mortgage rates to all- times low. By Buying the Treasury securities outright, the Federal Reserve has acted to push both intermediate- and long-term Treasury rates lower. In order to drive down primary mortgage rates, the Federal Reserve has also bought huge amounts of agency debentures and mortgage backed securities. The Fed is expected to continue these activities, as they are part of the arsenal they are using to fight the financial crisis and the resulting recession. Seems like mortgage rates are not going to be going anywhere in the near future.