patrick.net

  new post
register or log in

patrick.net's 40 proposals »

10,739 registered users, 2 online now: curious2, errc

Mortgage rates will rise next year

By Patrick (322/322 = 100% civil)   2012 Nov 8, 2:36pm   ↑ like   ↓ dislike   626 views   1 comment   watch (0)   share   quote  

http://articles.marketwatch.com/2012-10-24/finance/34690312_1_mortgage-rates-fixed-rate-mortgage-mike-fratantoni

MarketWatch)After reaching record lows in 2012, mortgage rates are expected to creep up slowly in the year ahead, the Mortgage Bankers Association predicted on Tuesday. Rates on the 30-year fixed-rate mortgage are expected to average 3.8% in the fourth quarter of 2012, rising to 3.9% in the first quarter of 2013 and eventually rising to an average 4.4% by the fourth quarter of next year, the MBA said. The mortgage is expected to average 4.1% for all of 2013. Granted, in these times, mortgage rates are increasingly difficult to predict. So take this forecast with a grain of salt. Last...

#housing

Comment 1-1 of 1     Last »

1   mell (19/19 = 100% civil)   2012 Nov 8, 2:52pm  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

Don't worry, the FED will initiate operation bazooka-twist and buy up every single MBS for the next 100 years to come and cut the central lending rate to -2% to bring effective mortgage rates to 0.01% so that everybody can "own" a million dollar property.

Comment 1-1 of 1     Last »

Watch comments by email

home   top   users   about   contact  
#investing   #housing   #politics   #humor  
housing crash   thunderdome   sexy pix   site suggestions  
best comments   ad hominem comment jail   patrick.net on twitter   random post  
please recommend patrick.net to your boss