Posted: 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.
Posted: 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.
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.
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. _________________ Procrastination is the enemy of your financial success
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?
tangeonpalm
