Predicting Home Mortgage Interest Rates [mortgageinsurance-101.blogspot.com]
Question by johnpau2009: Do you think the home mortgage interest rate will come down to 4 or 4.25% ? Do you think the home mortgage interest rate will come down to 4 or 4.25% ? Put your thoughts who is offering this price 4.250% 1.750 pts 4.483 APR ? Best answer for Do you think the home mortgage interest rate will come down to 4 or 4.25% ?:
Answer by Gaytheist Buddha
They already have if you are willing to pay Buy Down Points. 4.250% 1.750 pts 4.483 APR
Answer by Mortgage Dog
if you are talking about paying no points, then the answer to your question is no. The rates are artificial now a want to go higher. I think we are pretty much at rock bottom. Jason
Answer by sm4125
Mortgage rates are at record lows. Don't expect them to go down much more.
Answer by Eddie F
I found several different lenders offering a 30 year fixed interest rate of 4.25% by going to http://www.freerateupdate.com. The closing cost varied a little bit but I am narrowing it down to the lowest cost before I make a final decision. Almost anybody who's anybody of the big banks are on that site and if you can't find it there it just doesn't exist.
For Canadians who want to take advantage of current low interest rates, Farhaneh Haque, Director Mortgage Advice, TD Canada Trust offers tips on understanding your affordability today and in the future.
mortgageinsurance-101.blogspot.com Low mortgage interest rates: Mortgage affordability tips for home buyers and owners
Predicting mortgage interest rates has become harder every year. Typically, interest rates were predicted by calculating the amount of available capital, which was pretty much only available to qualified buyers, combined with the demand from potential homeowners, would give you a pretty good estimate. Things like a 20% cash down payment were the minimum requirements to be approved for a home loan which made predicting mortgage rates much easier, and the housing market much more stable.
Today though, things have changed and so has predicting home mortgage interest rates. A lot of people are homeowners these days, whether they can afford to be or not. With mortgage lenders and banks ditching the decades long, strong risk management aspect of approving large loans, predicting mortgage rates has become increasingly difficult.
Despite the economic problems all across the country, or peoples personal financial situations, people still wish to own a home rather than renting.
This will inevitably play a big role in accurately predicting home mortgage rates.While it may seem like approving a lot of people for large loans they would not have been capable of taking out before seems like a good strategy for boosting the economy, in reality it just makes the complete financial in a worse off situation than it was in to begin with. You can never assume that the economy will remain strong, and robust. It is actually a good idea to think the exact opposite. Remember that there are some inevitable hard times ahead. Whether at a personal level or widespread economic level, preparing for the worst is always one of the best plans.
With the ever growing risk in bad mortgages being foreclosed or defaulted on, there is little to no doubt that credit will get tighter in every market.
It is almost like living on borrowed time. With all the risk, still out their, it is likely that the mortgage interest rates are set to rise for the rest of the year. Refinance a home mortgage or buy that new home today before it is too late. Find More Predicting Home Mortgage Interest Rates Articles
