Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

mortgage rates

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » DU Groups » Economy & Jobs » Personal Finance and Investing Group Donate to DU
 
mzteris Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-19-08 02:18 PM
Original message
mortgage rates
Any guess as to how low they'll go and a timetable to go with that?

I guess the question really is - Refinance now or wait a bit and see if it drops more . . .
Refresh | 0 Recommendations Printer Friendly | Permalink | Reply | Top
A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-21-08 05:02 PM
Response to Original message
1. The trend for the moment seems to be down.
The website of First Trust Portfolios puts out a report every Monday afternoon that has the average 30-year mortgage rate, among many other index performance numbers.

http://www.ftportfolios.com/Retail/Commentary/Commentar...

If you bookmark that page, you can check their reports at your leisure.

I'm not a mortgage broker but it seems to me that with the large inventory of unsold and foreclosed homes, rates are likely to trend down for at least 2 more quarters as this inventory begins to flatten.
Printer Friendly | Permalink | Reply | Top
 
sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-22-08 12:59 AM
Response to Original message
2. Depends on your credit rating
If it's below 700, mortgage rates are going up, up, up.
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 23rd 2014, 08:07 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » DU Groups » Economy & Jobs » Personal Finance and Investing Group Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC