Mortgage Rate Drop
Current home mortgage debt has fallen
Current home mortgage debt has fallen
The U.S. Treasury and Federal Housing Finance Director placed Fannie Mae and Freddy Mac under conservatorship, Visit here now http://mortgage-loan-broker.blogspot.com
preventing what could have been a major financial disaster. Banking market is already responding well to this news, with Bank Rate shows 30 years fixed mortgage rates down almost half a percent over the last week.
Industry experts predict the risk is spread between treasury bond yields and U.S. fixed interest rates mortgage to continue the contract, which the government step in, erased much of the mortgage investment risk. Does this mean that now a good time to refinance your mortgage? Many homeowners are already doing it – refinance applications jumped 15% this week, but a Bloomberg news story that rates might continue to fall
Mortgage Rates fell this week in response to the federal seizure of mortgage giants, said Keith Shaughnessy. He advises borrowers wishing to lock in a rate of wait, if they can they are probably headed lower.
Is now the right time to buy a home? If the rates are headed lower waiting it out can save you a few dollars, especially when you consider
economy into a recession
housing inventory is significantly above the historical average
one million of homeowners are underwater (owing more than their house is worth)
despite the decline in house prices, home prices are still significantly more expensive than they have been historical – When you compare rent vs. buy prices or compare the median income to median home price Visit here now http://mortgage-loan-broker.blogspot.com
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