Are mortgage interest rates rising or going down?
Answers:
going down, but the prime rate can't get much lower; thus we're seeing great rates if you're surrounded by the market.
Prime rate have nothing to do with mortgages. People who devise they do have no idea what they are chitchat about. Check this website for an explaination of how they are calculated. http://homebuying.around.com/od/financing…
Rates have been rising for days gone by week or so. They are approaching a high level threshhold however. So they should trend downward contained by the future. Everone talking in the order of the overnight lending rate doesnt know what they are talking almost, and should take a basic economics class so they stop spreading doomed to failure information.
rates are going down now, good time to lock it surrounded by or refi... now mortgage rates are different from prime rate. prime rate are linked to home equity loans and lines. They newly did a prime rate cut by .50% but it doesn;t link to mortg rates. mortgage rate kinda link to the stock flea market, if the market do well, u see rate walk up. if market do crappy, u see rate go down.
view the 10yr Treasury Note they tend to follow that, as long term investors decide base on that indicator where to put their money
They should be the same or going down.
As the overnight lending rate between bank becomes lower, the prime interest rate should go down. At lowest that's how it's supposed to work and has been that passageway in the past.
Related Questions:
What are the advantages of fixed vs. adjustable rate mortgages?
depends on your situation. Adjustable rates are teaser rates that are fixed for 3, 5, 7, or 10 years. For example I am a 100% comission employee and bought a house cheap that I have over $50,000 surrounded by equity. I plan...