Will interest rates on mortgages start to turn up?
With interest rates at an all time low, do you think they will start to shift up or down. And please expalin why.
Answers:
down, depression
Not yet. Not until the mortgage industry stabilizes and stocks rise. The mortgage and stock markets influence one another. When the cost of stocks and bonds are up the , mortgage rates fade and the opposite is true. We could begin to see the stock souk recover within the subsequent 6 months to year which in turn will raise interest rates. However, due to the mortgage meltdown, surrounded by order to recover the housing open market, the Feds will have to keep the rates down a tad bit longer as an incentive until the foreclosures are bought and bank are lending more. Only then will rates increase.
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Answers:
down, depression
Not yet. Not until the mortgage industry stabilizes and stocks rise. The mortgage and stock markets influence one another. When the cost of stocks and bonds are up the , mortgage rates fade and the opposite is true. We could begin to see the stock souk recover within the subsequent 6 months to year which in turn will raise interest rates. However, due to the mortgage meltdown, surrounded by order to recover the housing open market, the Feds will have to keep the rates down a tad bit longer as an incentive until the foreclosures are bought and bank are lending more. Only then will rates increase.
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