Is it true? mortgage rates may fall a bit more to catch up with the Feds cuts?
I saw a guy on a morning news show saying we can expect rates to go down and hold steady for a bit longer in the near future. The past few days rates have went up and down every 5 minutes. Will we see 5.2% on a 30 year fixed soon?
No, it is simple supply and demand. The spreads on mortgage backed securities have widened which will cause rates to increase. You can secure a 5.5% 30 Year right now, it just depends on the day and time that you lock. If you are thinking of refinancing and want a rate below 6%, I would suggest locking something in now.
Realty Check: Record Low Mortgage Rates
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CBS Evening News (May 22, 2003) $17.95 MORTGAGE RATES FALL TO A RECORD LOW, 30 YEAR FIXED RATE FELL TO 5.3% . . . THE CONFIRMATION OF MAD COW DISEASE IN A CANADIAN COW HAS BECOME A MAJOR CONCERN IN THE UNITED SATES . . . AETNA HAS AGREED TO PAY OUT A HUGE SETTLEMENT TO DOCTORS WHO FILED A MASSIVE CLASS ACTION SUIT AGAINST AETNA FOR RACKETEERING . . . ANNIKA SORENSTAM, THE FIRST WOMAN TO PLAY IN PGA IN MORE THAN HALF A CENTURY, FINISHED… |
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Oregon awarded $88 million in mortgage aid.(Government State)(The federal funds, reserved for states with high jobless rates, will help homeowners who … article from: The Register-Guard (Eugene, OR) $9.95 This digital document is an article from The Register-Guard (Eugene, OR), published by The Register Guard on March 30, 2010. The length of the article is 792 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Oregon awarded $88 millio… |
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MORTGAGE MATTERS; HOW LOW CAN IT GO?(Real Estate Guide): An article from: The Santa Fe New Mexican (Santa Fe, NM) $9.95 This digital document is an article from The Santa Fe New Mexican (Santa Fe, NM), published by The Santa Fe New Mexican on August 1, 2010. The length of the article is 532 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: MORTGAGE MA… |
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MORTGAGE MATTERS: ARE RATES GOING UP, OR GOING TO GO UP?(Real Estate Guide): An article from: The Santa Fe New Mexican (Santa Fe, NM) $9.95 This digital document is an article from The Santa Fe New Mexican (Santa Fe, NM), published by The Santa Fe New Mexican on May 2, 2010. The length of the article is 800 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: MORTGAGE MATTE… |
