Mortgage Rates Forecast ? What the charts say about us [mortgageinsurance-101.blogspot.com]
www.davidamoya.com Let keep thing simple. We analyse mortgage rates in two ways 1) Technical (charts patterns) and 2) Fundamental (news). In the chart I'm about to show you, we use both. In addition, remember that this specific chart has an inverse relationship to mortgage rates. So when the chart is trending in an upward direction, this means rates are trending down (lower rates = more savings). Similarly, when this chart trends in a downward direction, rates are getting worse (higher rates = less savings). Economic and financial news has a huge part in which direction mortgage rates trend. For example in this chart, we can see that the unemployment report released on Friday had a huge effect on mortgage rates in a positive direction. In addition, because there was a huge (worse then expected) trade deficit reported, rates continued in a downward direction. This is because the trade deficit influence our GDP (gross d omestic product). In addition, a stronger dollar can potentially lead to foreign investments into Treasuries and thus also improving rates. On a technical level however, I'm concerned about the gaps that were formed over the last three days. History tells us that gaps are generally filled and the fact that we've had a larger than normal gap, doesn't make me all that certain that rates will continue in the same direction. All in all, a great start to a trading week. CPI (consumer price index) figures and US Core Retail Sales are to be released at the end of ...
mortgageinsurance-101.blogspot.com Mortgage Rate Update 7.12.11
The average 30-year fixed rate mortgage (FRM) advanced slightly to 3.733 percent (see the mortgage rate chart below). The difference between the 10-year ... Current Mortgage Rates Today รข€" Citibank and KeyBank Raise Rates
Mortgage rates have much to do with the implementation, how good is the economy. If mortgage rates rise, people can no longer afford to invest money in new properties. This is, of course, bring a slowdown in construction also means less money will flow through the economy.
On the other hand, if mortgage rates fall, people are more able to buy homes. The prices fall further below, the lower the income necessary toProperties for sale. When the property is purchased, the building trade flourishes and this stimulates the economy in many ways.
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Remember, high interest rates?
It 'been 20 years since we've seen double-digit interest rates on a mortgage. Back in the late 70's and early 80-digit mortgage rates were double-standard. It was not until about 1985 after the Reagan administration ended the stagflation and Misery Index, the Haunted CarterYears, the buoyancy mortgage rates are about 7%.
Since then, mortgage rates varied between 9% and about 5.5%.
All in all it was for years a stable interest rate environment in the long past that we used.More or less?
Well, the question is not where interest rates go from here.
By reading the charts, we try to predict their future movement, just as if we were reading theto get a handle on paper goods so that the price of soybeans have been conducted. Then we have a prediction about another product that is sure to be shocking!At this stage you should make a disclaimer. First, no one can really predict the future, and secondly, the world changes every case can and what the future now appears in a heartbeat. One can not overlook the fact that unforeseen events can happen in the world of the blue. With this behind us, we look toStandings.
The last 18 years
During the 90 years interest rates rose for 30 years fixed mortgage interest rates ranged between 9% and 7%. At the time George W. Bush took office to be, the 30-year mortgage average was 8.75%. From here you continue down easily through the first term of George W. Bush. In fact, a low blow from 4.75% in late 2003. Here interest rates between 6.5% and 5.5% for the next three years. This was an unusually stable interestenvironment and interest rates was one reason the housing market was red hot, and yes, busted.
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