Will Fed Twist push 30 yr rates lower?? (loan, interest rate, credit score)

[BishBash]

Today (9/22) I can get a 30 yr fixed refinance for 4.0 percent, no points. That sounds great, but it's only the first day after the "fed twist" move described below.

Do I lock in or wait for a rate of 3.75 or 3.875 on a 30 yr with no points? Hoping to hear from experienced rate watchers and brokers. thanks.

From CNBC: Mortgage rates are a focus of the new plan. The Fed intends to sell $400 billion of its shorter-term Treasurys to buy longer-term Treasurys by June 2012. And it will reinvest principal payments from its mortgage-backed securities to help keep mortgage rates ultra-low.
These steps alone won't spur a housing boom. Interest rates already are at the lowest level in six decades, averaging 4.09 percent on a 30-year fixed mortgage and 3.30 percent on a 15-year fixed.

[VictorBurek]

you should be able to get under 4 with no points right now...assuming excellent credit.

Yes, rates could go a little lower, but they could go a lot higher and rates always rise faster than they fall.

[BishBash]

My middle credit score is about 740. Not excellent, but pretty good. (don't have the 3 scores in front of me at the moment.)

[Agathis]

My credit is like you describe, but I know the appraisal won't come in enough and will stop me from getting a great new rate, AZ credit union is 3.875 30year fixed... Unless I can make up the deficit in appraisal though, no can do, Well, I have 1 guy telling me can do 125% loan thing but I don't buy it.

[tbill]

Wells-Fargo 30 year published rate on Wed. was 4.25%, on Thursday 4.125%, today = 4.%. So long term rates are trending lower. The "Twist" program was suppose to lower long term rates and I think we will see them into the 3% area, which will create an inverted yield curve unless 15 years come down also. It's way too early to guess where they will settle.