Mortgage Rates, Current Interest Rates, 30 year fixed rate [mortgageinsuranceguide.blogspot.com]
Question by LaLa: Are current interest rates higher or lower than usual? I'm in a college finance class, I need to know if current interest rates are higher or lower and what are the current trends. Is there a website that will tell me the recent activity and other info? Best answer for Are current interest rates higher or lower than usual?:
Answer by Musicman812
current rates www.bankrate.com trends www.marketwatch.com Fed Funds Rate has decreased significantly -- now 1% -the rate at which banks loan to each other There are a tons of articles on rates @ marketwatch.com. You could also do a search in google. Good luck
Answer by Kay
Current interest rates have been declining. You can go to the website of Federal Reserve Bank and obtain year-to-date Fed Fund rate chart or rates schedule.
Part two of a recent interview with Gerald Celente on Gold Seek Radio. Gerald talks about the current real estate market and where interest rates are going. He also talks about changes that will be necessary in society for people to be able to survive the "greater depression" and the flight to quality.
mortgageinsuranceguide.blogspot.com Gerald Celente on Real Estate, Interest Rates and Surviving the Coming Depression
2008 Holiday Season: Financial Report A must read for homeowners
The Dow is inevitably reaching its lowest point since the terrorist attacks of 9/11. As a result, investors are taking their money out of stocks and putting it into treasury bonds; a safe haven for investors weary of the unstable market. In turn, pushing the price of bonds up and the yield down affecting the mortgage rates that are directly tied to the yield. It’s pretty simple; when the market bottoms out so will the 30 year fixed mortgage rate. What does this mean for those individuals searching for a loan? This holiday season presents an excellent opportunity to refinance, and increase cash flow for 2009 and beyond. So, choose a lender now and prepare yourself to lock in a rate later. Will rates be as low as 4.9% on a 30 Year Fixed? Possibly so, we saw this occur around the same time last year, but under a set of entirely different circumstances.
Here are a few things to keep in mind when refinancing in today’s challenging market conditions.ü Do not do business with any company you’ve never heard of. Period. These companies teach their salesman how to overcome this objective. Are you tough enough to turn them down? Give in and you will get burned.
ü Do not pay for an appraisal. Homes are not selling, therefore, banks are not lending. Half of these appraisals are no good anyway. So do me a favor, find a bank willing to pay for the appraisal or don’t refinance at all. By not paying for the appraisal, you will agitate the loan officer; who cares. This is strictly business; we’re not making any friends here.
ü Ask for a printout of your rate lock. If your rate’s locked they should send you this no problem. If they will not, for any reason, they’re lying about something. Even if the loan officer sounds like your trustworthy grandmother. They’re lying when they tell you they can’t send you a rate lock. No exceptions to the rule.
Watch my latest YouTube video at www.FreeRateUpdate.com. You can also view the mortgage rates. mortgage interest rates, 30 year fixed rate. advertised on the left side of the page by the most competitive banks offering home loans.
Respectfully, Your Mortgage Guru Ed Ferrara http://www.freerateupdate.com
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