2009 ? 2010 mortgage interest rates ? Forecasts, trends and forecasts [mortgagefraud101.blogspot.com]
... to keep long-term interest rates low in a bid to reduce unemployment, sustain ... new U.S. homes rose more than forecast in May as mortgage rates dropped, ... Home Sales Reach Two-Year High as U.S. Rates Fall: Economy
MikesDailyMarketReport.com Provides the mortgage interest rate trends and navigates through the current interest rates for home loans. Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast. By trade, Mike Bjork is a Sr. Mortgage Planner with First Cal Mortgage. Please Subscribe to MikesDailyMarketReport.com or my YouTube Channel at MikesDailyMarketRpt
mortgagefraud101.blogspot.com CA Interest Rates: Daily Market Report May 3
Here are my predictions, mortgage rates, trends and forecasts for the remainder of 2009 and several months in 2010. If the owner receives the lowest interest rate, save, may be as much money as possible. Refinance mortgage loan modification for housing on the rise, many homeowners will benefit from the fact that an idea of what to expect interest rates. Here are my predictions and how it works:
http://www.remortgage.pannipa.com/2009/12/2009-2010-mortgage-interest-rates-forecasts-trends-and-forecasts/
"In the current 5.19% average interest rate for a typical family,and a fixed interest rate of 30 years.
Mortgage rates are as low as 4.69% for the claim earlier this year.
"My expectation is that in October of this year, 2009, low mortgage interest rates from 5.19% to lowest level of 4.69% for a loan at a fixed rate of 30 years of origin.
So I think that mortgage rates will fall to 4.69? I think the only reason that mortgage rates to 5% at the current rate of 5.19% from creditors and the banks are overwhelmed by the amountof homeowners looking to take advantage of the low interest rates, and the Governments mortgage bailout plan.
The combination of these two things quickly drew the interest of millions of homeowners who applied for a mortgage refinancing or modification.My predictions reflect the fact that I think that around October of this year, 2009, the mortgage lenders and banks will be caught up with the existing home loan modification and refinancing applications.
At this point, they will be looking for a new wave of homeowners who need a mortgage more affordable. Interest rates, I predict, will be at its lowest point, before the refinancing interest mortgages and home loan modification reduced.If an owner can, you should wait a bit 'to see if mortgage rates slightly lower. However, if your house is in danger of losing or mortgage foreclosure, act now.
http://www.remortgage.pannipa.com/2009/12/2009-2010-mortgage-interest-rates-forecasts-trends-and-forecasts/
More 2009 ? 2010 mortgage interest rates ? Forecasts, trends and forecasts ArticlesQuestion by socalrider81: Is there anyway whatsoever to predict / forecast mortgage interest rates? I was told I can look at the US TBonds for today and it may effect the rate for the next day... true? anything else? Best answer for Is there anyway whatsoever to predict / forecast mortgage interest rates?:
Answer by mtgguy
follow the 10 year bonds no one get tell you what the markets going to do. As of last night, They are raising raising again in a few days to keep up with the economy
Answer by KL
This is the site I follow...
Answer by Nancy L
Yes, mortgage rates will rise from here on out in order to stay ahead of inflation. (To prevent a depression). Interest rates will never go as low as they have been in the past two years.
Answer by maggiedillyyo
While it is true the US treasuries may be indicators for the direction of longer term interest rates, thirty year (mortgages) are priced based on a confluence of factors. The movement in these interest rates may be correlated due to the fact that they are influenced by many of the same factors, i.e. unemployment numbers (reported monthly), inflation fears, the actions of the Federal Reserve Board and even the debt purchasing habits of China and Japan. One thing is for sure, interests rates are going up. If you are closing in the next six months, you may want to look into the cost for a rate lock. Any longer than six months, the cost of locking may become a bit opressive. The truth is, if you lock in for say 0.5 points and rates go down, find a different mortgage company with a lower rate as long as your rate lock does not require you use that mortgage co.
Answer by David K
I'm shocked that the other responders believe there is a way to "predict the future". Lol Listen, I've seen MAJOR companies go bankrupt trying to Predict the direction of mortgage rates. You see, mortgage lenders buy money to lend and at any time can issue a "rate lock" once they have a space to fill from a new loan in process. You have the option to either float the market or lock the rate from the initial approval of your loan. However, if it where possible for mortgage lenders to predict where mortgage rates where heading, they would either lock all the funds on thier wharehouse lines or float all the funds and make a larger premium for doing so. Again, I've seen several mortgage lenders go bankrupt overnight trying to predict the future. they employed the best analysts in the country, so agian the answer to your question is NO.
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