What is your prediction on mortgage interest rate?

 I am a first time home buyer and I want to buy a house before mortgage
interest rate rise.  For 30 years fixed mortgage, I just checked that
it is around 6% as average nationwide.

I am predicting it will rise from now on.  What is your predictions on
this issue?  Will it rise or fall due to the series of the recent rate
reduction by FRB, though I know that it wouldn't have direct impact on
mortgage interest rate.

Please give me some tips or advice on this issue..Is there any
indicator I should keep my eyes on?..I just know that the mortgage
interest rate gets direct impact from mortgage backed securities and I
am lost what information to check or review to find more data about
this matter.

Thank you.

  In article
 byun.kevin@gmail.com wrote:


Who knows where rates will go.  That is what makes the markets
risky--you simply don't know what is going to happen.  At the
same time, any mortgage rate that is between 5% and 7% fixed is
a great rate.  Take it, and don't worry if it goes up or down
a point later on.  10 years from now, houses will be much more
expensive, and you will be very happy with your fixed loan
compared to what people will have to pay in the future to get
into a house.

-john-

--
======================================================================
John A. Weeks III           952-432-2708            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com
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Interest Rates Change Daily
Interest rates change constantly, but it is important to know that
rates are cyclical. If rates are
currently at historical lows then we know there is a strong
probability rates will go up again, and
vice versa. Certain economic indicators such as unemployment data,
consumer price index,
retail sales data, and consumer confidence all have an effect on
mortgage interest rates. But
the key factor to watch is the relationship between stocks and bonds.
When the economy is slow and the stock market is "bearish," many
investors move money out
of stocks and into bonds and mortgage-backed securities. This causes
mortgage interest rates
to go down. When the economy is doing well, the stock market rallies
and is considered
"bullish." Investors then have a tendency to move their money out of
that safe haven of bonds
and mortgage-backed securities and back into stocks. As a result,
mortgage interest rates go
up.
My team and I keep a close eye on mortgage interest rates at all times
in an effort to alert our
clientele of opportunities to obtain lower financing. Call us for a
free evaluation of your current
loan program.

http://www.patriot1mortgage.com/player.html?movoxoMovieId=8

Angel Maldonado
Mortgage Planner
Patriot One Mortgage Bankers
One Old Country Road suite 335
Carle Pl, N NY 11514
516-742-6800 ext 109
917-622-5490
www.Patriot1Mortgage.com

 On Dec 15, 8:42 am, ALM...@aol.com wrote:

Thank you so much for your informtion!

 In article <john-E9F80F.18245814122007@sn-radius.vsrv-
sjc.supernews.net>, john@johnweeks.com says...

I agree with John's assessment.  I'll add that we know it can't go
down 6% from where it is now but we know it *can* go up 6%.  My first
mortgage was 14.5%, down from 18% when we first looked, we thought we
were lucky to get it that low.  Take the 6% and refi if it goes down
significantly from there, though I don't think it will.  The 4-5% of
a couple of years ago was an aberration.

--
  Keith