Up Up Up the Feds are going to lower short term rates to keep the economy running and any more actions will increase the amount of risk the underlying bonds to mortgages will have to absorb thus causing the interest rates to rise to absorb the inflation and credit risks.
Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.
Probably down due to the fear of a recession and the Fed’s lowering of interest rates. But they change may be only slight.
Serge M | Jan 25, 2009 | Reply
I feel that they will be stagnant or higher, not lower.
Banks suffered record foreclosures and will need time to recover from the loss, as more will come in the coming year as more ARM’s adjust.
Income has to be generated, and that won’t happen if they lower rates much more.
Mary B | Jan 25, 2009 | Reply
Up Up Up the Feds are going to lower short term rates to keep the economy running and any more actions will increase the amount of risk the underlying bonds to mortgages will have to absorb thus causing the interest rates to rise to absorb the inflation and credit risks.
UP
Empire Realty - Upland CA | Jan 26, 2009 | Reply
Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.
Turner | Jan 30, 2009 | Reply