Mortgage Rate Predictions [mortgagegoal.blogspot.com]
Bank of Canada governor Mark Carney defended Canada's policy of considering higher interest rates Wednesday, after the bank projected a gradual rise in its key lending rate through 2014. Its warning came as many advanced economies are thinking about ... Bank of Canada predicts higher interest rates by 2014
AnnaHomes.ca BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the February 2012 statistics and takes an in depth look at BCREA's Q1 Mortgage Rate Forecast.
mortgagegoal.blogspot.com BCREA Housing Market Update - BCREA's Q1 Mortgage Rate Forecast - Anna Asi
Here are my mortgage rate predictions for 2009. Of course, no one can be 100% sure of exactly about what will happen, but I think we do have some good information to work with. Even a small difference in interest can mean a lot of money for a homeowner. Know when the lowest mortgage rates of 2009 will be:
The housing market is in pretty bad shape. This is due to a tough economy, and a lot of homeowners having mortgages which they can not afford. In response to this, earlier this year, mortgage rates were dropped to 4.69% or so for a typical fixed rate mortgage. President Obamas stimulus plan allowed the rates to fall so low, and a chance for homeowners to save their home from foreclosure or themselves from defaulting on their mortgage.
When rates initially dropped to that low 4.69% rate, homeowners flocked to refinance their mortgage. These applications quickly piled up for the mortgage lenders and banks, and they were overwhelmed.
The interest rates needed to be increased, and they were to 5.19%. This minimal increase kept back homeowners who just wanted to save money, and still allowed enough savings to allow homeowners who truly needed to save money the chance. Things will be changing though, and this is where I make my predictions.I think that for the rest of this year, 2009, we will see lower mortgage rates. I think that sometime around October of this year, mortgage rates will drop to their prior lows of 4.69% for a standard fixed rate mortgage. This will be around the time mortgage lenders and banks are ready for a whole new round of refinancing applications.
Homeowners who can should wait until the lowered rate kicks in.
However, if you are facing financial problems, or risk losing your home, you need to take action now. Related Mortgage Rate Predictions IssuesQuestion by jake the dog: mortgage rate predictions? I am interested in refinancing on a fixed rate. Do you think rates will go up or down in the next 90 days? Why? Best answer for mortgage rate predictions?:
Answer by ☼AstrologerJuliAnne☼
After consulting my crystal ball, it said that they may go down a bit further, but not everyone is reaping the rewards of this low interest..it is only for the creme de la creme of credit worthy borrowers and those who are not upside down on their loans!
