Posts tagged as:

Interest Rates

Experts wrong as mortgage rates stay low

by Warren Reynolds on May 15, 2010

Back at the start of the year, there was widespread alarm in the media that mortgage interest rates were poised to rise steeply in early 2010. Despite the dire predictions from many financial experts, rates today remain near record lows. Don’t rely on the experts for your near-term plans That goes to show that it’s [...]

Tagged as: , ,

{ 0 comments }

30 Year Mortgage Rates Drop

by Warren Reynolds on July 11, 2009

After peaking at nearly 5.6% on June 11, the average 30 year fixed mortgage rate as tracked by Freddie Mac dropped to 5.2% in the succeeding 4 weeks.  This 7% drop in rates roughly coincided with  weakness in US stock values and world oil prices over the same general time period. Mortgage interest rates appear [...]

Tagged as: ,

{ 0 comments }

Rates Rise As Economy Improves

by Warren Reynolds on June 14, 2009

Interest rates generally fall when the economy falters and rise when economic expectations turn bullish.  With retail sales rising, the Fed announcing that the worst of recession may be past, and U.S. consumer confidence reaching a nine-month high in June, is it any wonder that mortgage interest rates rose over the last 2 weeks? And [...]

Tagged as: ,

{ 2 comments }