Has govenment stopped buying mortgages already ? Was it supposed to be on Apr 1?

Jim - March 31st 2010 loomed for months as the day when the U.S. Treasury would stop purchasing $1.25 trillion worth of mortgage-backed securities and effectively remove a major support to the fragile housing market.(The Treasury began purchasing these securities in 2008 and increased their efforts in 2009, successfully pushing long-term mortgage rates below 5%.) They have stopped buying (MBS) Mortgage Backed Securities and I do not see them starting up the purchasing program in the near future.I am not sure where you get your source of news but It has been in every newspaper and television program I read or watch.As for the rates increasing --- It goes back to the theory of supply and demand.Should you have any further questions feel free to give me a call at (310) 984-0496 or online www.fhasubmission.com Jeffrey Martino Young Essex Mortgage Bank.