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I always believe bankers when they say mortgage interest rates will remain above a fixed amount forever so you had better get one now. Yeah, right!
This guy is just another shill from the banking industry encouraging people to make a huge financial mistake. Salesmen lie. Who would ever believe that? Kootr?
I always believe bankers when they say mortgage interest rates will remain above a fixed amount forever so you had better get one now. Yeah, right!
This guy is just another shill from the banking industry encouraging people to make a huge financial mistake. Salesmen lie. Who would ever believe that? Kootr?
I agree with your conclusion but have to disagree with your reasoning. Bankrate.com is not a bank at all, they are a lead generation website for the mortgage industry. The get paid by either click through activity or by a flat fee by the lenders who post rates on their site. If the lenders are not closing loans they will cease to use the service and it is for this reason I say not to believe the information- bankrate needs you closing to stay in business You have to also remeber the many people who were waiting when rates were at 4.5% earlier this year because another talking head told them rates were going to 4, well that never happened.
You need to talk with a knowledgeable professional who can give you the reasoning behind any advice they give.
Home prices need to keep coming down. Everyone's focused on monthly payments. There's no good reason for future Americans to take on a lifetime of debt for basic shelter.
A lot of buyers on the sidelines have been waiting to see if rates would continue to drop before buying, I think they will realize now that the rate has bottomed. Homes prices have already come back from the bubble spike and are inline now with normal historic price appreciation (actually below).
mortgage rate will drop below 5% sometime in November.
I agree. In July or August the stock market will see a 15 to 20% pullback and rates will drop accordingly for the 10yr treasury, which mortgage rates are tied to..
It will be orchestrated to save the housing market, which will help to stem the downward tide of the recession.
I agree. In July or August the stock market will see a 15 to 20% pullback and rates will drop accordingly for the 10yr treasury, which mortgage rates are tied to..
It will be orchestrated to save the housing market, which will help to stem the downward tide of the recession.
Mortgage rates have nothing to do with the Treasuries contrary to popular opinion. Mortgage rates are tied to Mortgage Backed Securities or MBS and nothing else. Up until about 2 years ago they would mimick Treasuries pretty well but that went out the window when loans started defaulting at a higher than expected rate and investors realized they were not as safe an investment as once thought.
Huh...you can probably get 5% today with some lenders and ceratainly 5.125% which means it could EASILY dip back into the 4's. What an idoit this guy is for making such a bold statement. And how about the part where he mentions that basically no one pays a 1% or 2% fee (origination and/or discount) to get a lower rate. What a crock.
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