How much longer will mortgage rates verbs to decline?
I saw today that my local bank's 30-year fixed mortgage rate is 5.375%. How much longer will they continue to decline, and how low will they go?
Answers:
It's just a guessing team game...
I am guessing for a long time. Because the discount is not going to get better for a long time and they have to maintain the mortgage rates down so that people can afford and are encouraged to buy homes. I also hold heard from all the economists that the indisputable estate market is going to continue to shift down at least for another two years.
Let me draw from my crystal ball...just kid. Truthfully, rates are hard to predict because where they are so dependent on lots outside factors that are currently very unpredictable. The Fed is trying to fray this recession and adjusting their rates to combat the risk of deflation, inflation and the economic turmoil. Rates for mortgages are repeatedly based on treasury bills which are subject to trading.
As an FYI - watch the financial reports. Positive data will cause rates to dance up, negative data will motivation rates to go down.
Are you watching them for a reason? Trying to guess the best time to purchase or refi...
If I knew the answer to that quiz I would not be working and would be making lots and lots of money. Look a your crystal ball for answers.
You can find it information from http://www.instantmortgageusa.com. Source(s): http://www.instantmortgageusa.com
it is all market base so there is no way to relate at this point in time
Related Questions:
Can my mortgage company lower my interest rate?
We need to refinance our mortgage to lower our rate but I was wondering if our current mortgage company would in truth lower the rate if we ask? We have paid a 7.9% rate for 10 years and own never been late on a pocket...
Answers:
It's just a guessing team game...
I am guessing for a long time. Because the discount is not going to get better for a long time and they have to maintain the mortgage rates down so that people can afford and are encouraged to buy homes. I also hold heard from all the economists that the indisputable estate market is going to continue to shift down at least for another two years.
Let me draw from my crystal ball...just kid. Truthfully, rates are hard to predict because where they are so dependent on lots outside factors that are currently very unpredictable. The Fed is trying to fray this recession and adjusting their rates to combat the risk of deflation, inflation and the economic turmoil. Rates for mortgages are repeatedly based on treasury bills which are subject to trading.
As an FYI - watch the financial reports. Positive data will cause rates to dance up, negative data will motivation rates to go down.
Are you watching them for a reason? Trying to guess the best time to purchase or refi...
If I knew the answer to that quiz I would not be working and would be making lots and lots of money. Look a your crystal ball for answers.
You can find it information from http://www.instantmortgageusa.com. Source(s): http://www.instantmortgageusa.com
it is all market base so there is no way to relate at this point in time
Related Questions:
Can my mortgage company lower my interest rate?
We need to refinance our mortgage to lower our rate but I was wondering if our current mortgage company would in truth lower the rate if we ask? We have paid a 7.9% rate for 10 years and own never been late on a pocket...