Mortgages rates have tended to be flat to up during the actual periods of QE. They’ve tended to drop after QE was over for whatever reason. QE1 started at about 5.33 and ended at 5.15 (End of Nov 2008 to End of March 2010). QE2 started at 4.20 and ended at 4.55 (Nov 3, 2010 to June 30 2011). In the year after QE2 we’ve gone from 4.55 to 3.57. Probably was a good time to act before QE because everybody front runs it and then sells into it. The rumor of QE is more effective than the actual QE.
As for the stock market history says it should rise during the duration of QE3. That makes sense as those front running the QE sell their bonds to the fed and put that money into the stock market.
