interest rates (fixed rate, mortgage rates, rate, refinance)

[dick1973]

Do mortgage interest rates traditionally fall in fall/winter, i'm looking to buy in late November/December

[chet everett]

There are no hard and fast seasonal rules to mortgage rates -- the forces that effect other fixed rate bonds are the dominant force, and the second largest factor is demand. If sales and refinances slow the lenders may be tempted to cut rates a bit, but they will react much more strongly to the overall fixed rate bond market.

[VictorBurek]

Today year fixed rate mortgages were at 4.875%. Like Chet says no hard and fast rule, but typically rates are better during colder months. I would suggest that you not wait as we are in unique times and what used to happen may not happen again. In addition, how much lower do you need rates to go. Dont get to greedy in hopes of rates moving lower. Much more room above for rates to go higher than there is for rates to go lower.