Rates moving up or down in the near term?

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Icon Mini Profile tangeonpalm




Joined: 11 Mar 2008

Posts: 1

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PostPosted: Tue Mar 11, 2008 10:18 am    Post subject: Rates moving up or down in the near term?

Where can I find predictions about what rates are going to do in the near term (45 days or less)? I'm stuck w/ one lender (terms of the sale of the home at discount) and the rates are bad but I"m not sure if I should lock in now or wait a bit longer.
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PostPosted: Tue Mar 11, 2008 10:35 am    Post subject:

most likely heading up!
Icon Mini Profile kenl314
kenl314
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Joined: 12 Apr 2006

Posts: 53
Location: Brentwood, NH
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PostPosted: Tue Mar 11, 2008 11:44 am    Post subject: rates in future/ 45 days out

Hello. Everyone has an opinion on this, but a good 30- 45 day window on this can be found on Bankrate.com. Go to their mortgage page, and then their mortgage pro survey on interest rates. It's a survey of a lot of banking and mortgage pros, looking out a bit in time.
Also, "www.hsh.com" is another good resource. They have their own 2 month forecast they do every couple months.

That should help you.
Thanks,
Ken L.

Link deactivated as per the forum rukes
Icon Mini Profile larry




Joined: 27 Jun 2007

Posts: 3328

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PostPosted: Tue Mar 11, 2008 11:48 am    Post subject:

Hi tangeonpalm ,

Welcome to the forum.

The mortgage rates have gone up recently in the last couple of weeks. No one can predict about the mortgage rate but it seems the rates may be come down a bit at the end of the March.

Best of luck,
Larry
Icon Mini Profile adonis
adonis



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PostPosted: Wed Mar 12, 2008 1:00 am    Post subject:

tangeonpalm, there has alerady been a discussion on Mortgage Rates just a day or two ago. Have a look at http://www.mortgagefit.com/homeloan/lock-rate.html to get views from the community.
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Icon Mini Profile jbarto65




Joined: 04 Nov 2007

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PostPosted: Wed Mar 12, 2008 6:13 am    Post subject:

This is really hard to predict but you can check out the web page listed above, the federal reserve just did the market a favor so you may be in good shape according to the news, the rates should fall so that people will invest in the mortgage industry, start buying homes and keeping the home that they have a mortgage on right now. The news said that they will let the mortgage companies take their foreclosures and bad loans as collateral, so if this is any indication of what is going to happen you should be in good shape right?
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