If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
30 Year Mortgage Rates Decrease – Mortgage Refinance Applications …
30 year mortgage rates decreased in the latest Weekly Mortgage Applications Survey released by The Mortgage Bankers Association (MBA) this morning.
Will The Fha Mortgage Rates Go Down? | FHA Mortgage Blog
I think it might go down a little but it's going to go up to around 8% the end of the year.
RT Brokerage Services Calls for an End to Mortgage Underwriters …
Mortgage News and Mortgage Rates on November 20, 2009. Latest news on mortgages and mortgage rates. 20th November 2009 SEARCH. RSS · Home · About. RT Brokerage Services Calls for an End to Mortgage Underwriters' ”Don … …
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…
Mortgage Rates Rise This Wk; 30-Yr Fixed At 5.03% -Freddie
Mortgage rates edged higher this week, with the average rate on 30-year fixed-rate mortgages pushing back above 5%, according to Freddie Mac's (FRE) weekly … Read More…
Asian Governments Indicate They May Take Action to Deter Speculation
Xavier Wong, research head for greater China at Knight Frank real estate, believes the central government will act next year, raising mortgage rates and … Read More…
U.S. mortgage applications up as rates drop below 5 percent
Low mortgage rates, high affordability and the federal government's $8000 tax credit for first-time home buyers — part of the stimulus bill — have helped … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
Here are my mortgage rate predictions, trends, and forecasts for the rest of 2009, and a few months into 2010. When a homeowner gets the lowest interest rates they can, they are saving the most money possible. With mortgage refinancing and home loan modification on the rise, a lot of homeowners would benefit from having an idea of what to expect from interest rates. Here are my predictions, and how I made them:
-Right now 5.19% is the average mortgage rate for a typical homeowner and a fixed rate 30 year mortgage.
-Mortgage rates were as low as 4.69% for the same loan earlier in the year.
-I predict that in October of this year, 2009, mortgage rates will drop from 5.19% to their prior lows of 4.69% for a 30 year fixed rate home loan.
Why do I think mortgage rates will drop to 4.69? I think that the only reason that mortgage interest rates went up .5% to their current rates of 5.19%, is due to mortgage lenders and banks being overwhelmed by the amount of 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 more affordable mortgage. The interest rates, I predict, will be lowered to their prior lows to spur interest in mortgage refinancing and home loan modification.
If a homeowner can, they should wait a little to see if the mortgage rates lower a little. However, if your home is at risk of being lost to foreclosure or mortgage default, take action now.
At my site I will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan at my site: http://www.refinancingcondo.com
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