Mortgage,Rates,Forecast,Will,I finance, share, loan Mortgage Rates Forecast - Will Interest Rates Drop in the Fa
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The mortgage rates forecast for the fall is going to be quite interesting. Interest rates were quite stable during the month of July but that has totally changed in August. Coming into August we saw mortgage rates hover between 5.1% and 5.3% for much of July. At the end of July the 10 year treasury rate yield started to uptrend causing mortgage rates to move up as well. When the 30 year fixed mortgage rate moved from 5.05% to 5.5% many analysts were predicting that overall home loan rates were going to head towards 5%. Well, the Federal Reserve Bank came out and made the comment that they were going to do everything in their power to make sure interest rates stay at historically low levels. After this announcement we saw average rates start moving lower again. In fact, mortgage rates moved all the way down to 5.1% at the end of the second week in August.The current interest rates forecast is very difficult for this reason. It seems that every time we see mortgage rates move higher, the Federal Reserve makes an announcement that they will continue to do whatever it takes to make interest rates fall. Every single time we see rates move higher, Ben Bernanke comes on the television and makes a comment about how we are going to continue to interest rates at historically low levels and that everyone should get out there and work to refinance their home or buy their first home.
Mortgage,Rates,Forecast,Will,I