Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The media had all kinds of stories in December saying buy a home NOW, or refinance your mortgage, because rates will go up significantly. 30 year loans were about 4% then. Now in mid February rates for 30 year mortgages are as low as 3.30%.
Why do people listen to these so called experts in the media?
The media had all kinds of stories in December saying buy a home NOW, or refinance your mortgage, because rates will go up significantly. 30 year loans were about 4% then. Now in mid February rates for 30 year mortgages are as low as 3.30%.
Why do people listen to these so called experts in the media?
There is no evidence to suggest the rates are going up in the next few months.
The stock market is down across the globe and ofcourse oil is crashing.
Investors are parking their money in bonds and gold for the short-medium term until things get clear.
So the 10-year treasury yield is at 1.6% from 2.2% 3 weeks ago. Fed is giving indications that they may not raise interest rates any more in this climate, not to mention its election year.
I don't see the rates going up in the next 6 months, possibly till end of the year.
Rates will hit historic lows in 2016 in my opinion. We will have a recession, the global economy is in distress, there will be massive layoffs, the fed cannot raise the rates, etc.
Rates will hit historic lows in 2016 in my opinion. We will have a recession, the global economy is in distress, there will be massive layoffs, the fed cannot raise the rates, etc.
It is too early to say about massive layoffs, since the major US job markets are strong. Most of the global economy distress is caused by china/Brazil/japan slowdown and also oil. US domestic economy is doing ok, although growing at a slow pace, not deteriorating anytime soon.
The media had all kinds of stories in December saying buy a home NOW, or refinance your mortgage, because rates will go up significantly. 30 year loans were about 4% then. Now in mid February rates for 30 year mortgages are as low as 3.30%.
Why do people listen to these so called experts in the media?
3.3 ....WHAT?? IS THAT FOR REAL? who is giving that?
3.3 ....WHAT?? IS THAT FOR REAL? who is giving that?
We are there (3.375%) on our 20 year loans (15 year @ 2.875%)....and 3.625% on 30. They've come tumbling down - the pricing folks don't trust what they are seeing and many are not lowering rates, as they fear it is artificial. They (the secondary folks) get use to each decline, try it on for a few days, and if it's comfortable, they will slowly lower them.
Anyone in the mid-to-upper 4's should check in with their lender or sign up for a rate alert in case they do drop further.
Since Jan. 1, the average rate on a 30-year fixed mortgage has dropped from 4.01 to 3.62 percent, according to Freddie Mac. Mortgage rates have sunk to levels not seen in nearly a year and are close to their all-time low, prompting economists to reduce their forecasts for rates in 2016.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
