Will 30 yr fixed mortgage rates budge down?
now that the feds have cut the prime interest rate from 2% to 1.5% why hold the 30 yr fixed mortgage rates not followed suit?
Answers:
Lenders are afraid to lend. They have tightened credit standards, eliminated oodles mortgage and equity-line products, and increased rates. You won't see very low interest rates in this lend environment. Some very qualified people can't obtain loans at all. It's not going to get cheaper in a minute. I hope this explanation helps. Source(s): retired realtor
Marty is slime, any lender that has to violate the TOU and spam here for business is not a reputable lender.
Mortgage rates are not tied to prime interest rate, I have a client get quoted 5.5% this week, that is a great rate. Lock surrounded by if you can. Source(s): Oregon Realtor
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Answers:
Lenders are afraid to lend. They have tightened credit standards, eliminated oodles mortgage and equity-line products, and increased rates. You won't see very low interest rates in this lend environment. Some very qualified people can't obtain loans at all. It's not going to get cheaper in a minute. I hope this explanation helps. Source(s): retired realtor
Marty is slime, any lender that has to violate the TOU and spam here for business is not a reputable lender.
Mortgage rates are not tied to prime interest rate, I have a client get quoted 5.5% this week, that is a great rate. Lock surrounded by if you can. Source(s): Oregon Realtor
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