Mortgage Rates Forecast ? What the charts say about us [mortgage-solutions.blogspot.com]
Question by Ken: When is the best time to lock in mortgage rate? I am approved for a "refinance" mortgage....I have commitment letters in hand.....I now have 60 days to lock in the rate.....For the past 30 days, the 15 yr rate has been 3.75% at my bank......Today it jumped to 4%, possibly from the Korean conflict going on, not sure just guessing........I have the rate chart loaded onto my desktop so I can monitor it in real time, just waiting for Monday morning.....Is it normal for rates to drop on a Monday morning, or more likely Friday ??? Any useful information would be appreciated....I am more than happy to lock in at 3.75%, and not looking to wait it out, but just curious as to any signs to watch out for...All of our previous paperwork has been estimated at 3.75%, and we really want this rate.....Thanks Best answer for When is the best time to lock in mortgage rate?:
Answer by denissnowy
I'd do it as soon as you can. The rates do vary, but there is no definate pattern and no sign that will warn you in advance of a rise or fall. Lock it in for as long a period as you can, interest rates are set to go up and probably quite sharply - the unknown is when.
www.lendinguniverse.com California interest rates chart and hard money, what are current mortgage interest rates and house mortgage refinance against current dailymortgage rates and compare it with private hard money loan rate and terms. http review a sample of account disclosure documents and notices required by the regulation to determine whether contents the brokers accurate and complete; and •review a sample of the institution's advertisements to (1) determine if the advertisements the brokers misleading, inaccurate, or misrepresented the deposit contract and (2) ensure that the advertisements included all required disclosures. Federal regulators' examination procedures for Commercial hard money loans rules and land loans do not require examiners to evaluate the reasonableness of fees associated with checking and savings trust deed investments. According to the Federal Reserve, the statutes administered by the r egulators do not specifically address the reasonableness of fees assessed. Additionally, officials of the federal regulators explained that there the brokers no objective industry-wide standards to assess the "reasonableness" of fees.. Commercial lenders expects to complete the analysis at the end of 2008.Regulators Focus on Funding of private money source s' Compliance with Federal Disclosure Requirements Federal regulators assess funding of private money source 's compliance with the disclosure requirements of Commercial hard money loans rules and land loans ...
mortgage-solutions.blogspot.com California interest rates chart and hard money
(Best Syndication News) Mortgage interest rates were mixed today as equities registered gains after an early drop (see the mortgage rate charts below). Current Mortgage Rates Today â€" JPMorgan Chase and KeyBank ...
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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