Does anyone enjoy an evaluation on whether the financial stimulous rebate will effect the mortgage rates?
I was just wondering if anyone think this will make the rates go up.
Answers:
Not directly. Long permanent status, fixed mortgage rates are determined mostly by activity in the bond marketplace. This is because mortgages are sold and marketed as securities in the bond bazaar.
If the economic stimulus works the way that it is hoped, after consumer purchasing will increase and possibly consumer confidence will improve. If these conditions help the stock souk, then the bond market may suffer, and you can expect that interest rates for bonds and mortgages will be better.
However, the greatest impact on mortgage rates right now is due to inflation. If inflation increases, then bond rates and mortgage rates are possible to also increase.
most of this money is going to pay bills, temporary problem, bandaid on to a severe wound...rates won"t move about up til after election...then look out!
Related Questions:
Why are mortgage rates rising?
Mortgage rates have risen for 2 straight days. Can we expect them to go support down any time soon, maybe tomorrow? Good examine but rates are like life....you never know what tomorrow will bring. Also history shows us if the prices rise...the rates topple. If the prices...
Answers:
Not directly. Long permanent status, fixed mortgage rates are determined mostly by activity in the bond marketplace. This is because mortgages are sold and marketed as securities in the bond bazaar.
If the economic stimulus works the way that it is hoped, after consumer purchasing will increase and possibly consumer confidence will improve. If these conditions help the stock souk, then the bond market may suffer, and you can expect that interest rates for bonds and mortgages will be better.
However, the greatest impact on mortgage rates right now is due to inflation. If inflation increases, then bond rates and mortgage rates are possible to also increase.
most of this money is going to pay bills, temporary problem, bandaid on to a severe wound...rates won"t move about up til after election...then look out!
Related Questions:
Why are mortgage rates rising?
Mortgage rates have risen for 2 straight days. Can we expect them to go support down any time soon, maybe tomorrow? Good examine but rates are like life....you never know what tomorrow will bring. Also history shows us if the prices rise...the rates topple. If the prices...