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Mortgage rates? I keep hearing that mortgage rates will probably hold steady until mid-2008. They've already increased from 6.15 to 6.75 in the past 6 weeks. I'm building a house, and won't be able to lock in a mortgage rate until probably mid-August. Should I "buy" my mortgage rate at 6.75% now for $750, or should I hold off? What are the odds that rates will top 7.25% within the next three months?

Why do mortgage rates keep going up after the Fed lowers their interest rate? We're in the market for a house, and it would seem that the lowering Fed rate would trickle down to the mortgage business. Instead, those rates keep going UP! How do they expect people to help out the economy by buying homes when they keep making it so unattainable and unattractive?

How does the unemployment rate affect mortgage rates? from regression analysis I found that there is a strong positive relationship between the unemployment rate and mortgage rates. I can't figure out why. Any thoughts?

Why are fixed mortgage rates and adjustable rates different? I just saw that a 30 year fixed mortgage is 6.07% and a 5/1 ARM is 5.91%. What are the reasons why these rates differ by nearly .2%?

What is the deal with mortgage rates advertised on Yahoo Finance or Bankrate? It seems that when I call to inquire about these good deals (for example, really low rates with 0 points), I am always told something like, "Well, that deal is for something else." How does one get an accurate mortgage quote online from these sites? Or is it impossible to get an accurate quote without calling the companies directly?

How long til it is revealed in mortgage rates? If the fed lowers interest rate 1/4 percent or possibly 1/2 percent this week as expected, how long til it is realized in mortgage rates? Thanks! I'm a little confused, but thanks for the answers! I did go to bankrate.com and their experts predict rates to fall further due to either the fed or lackluster employment numbers. Apparently, predicting mortgage rates is harder than ever. Cheers!

When the Fed cuts interest rates, how long does it take to reflect in mortgage offers? I'm looking for mortgage rates online and want to build modular next year, now just looking for the best deal and wondering when today's Fed actions will be reflected in the offers I find.

Where can I find the best mortgage rates in Virginia online? I am looking for an online mortgage lender thats does mortgages in Virginia Beach, VA. Who has the best rates?

How long will mortgage rates be low? I wanted to save a little bit of money for a few months and buy a house before the end of August. Will the morgage rates still be as low as they are now in August 2008? Also what detemines if mortgage rates rise or fall?

Why do 30 year mortgage rates continue to rise, while the fed continues to lower the fed funds rate? It seems as though when money is more readily available, the 30 yr mortgage rates should drop.

How are mortgage interest rates determined? What I mean by that is I assume there is a formula which banks use to figure out what mortgage rates to offer a customer based on prime rates, customers credit history, size of mortgage, etc... Does anyone know how this process works and the specific formula/methodology used? thanks in advance!

Does my mortgage rate go down if interest rates are cut? Sorry to ask the shocking stupid question! I am coming to the end of my mortgage term ( end of September) and am wandering if the mortgage rates will go down (currently for at 6.99%). Do you think it will go down by this time? I am in the UK.

With mortgage rates being the lowest in years, will my adjustable rate go lower when it comes to renew? I have an adj mortg rate, that's set to renew in september, and with mortg rates being low right now, could it go lower than it is now? Right now it's high, and that's what my mortgage started with...not a low int rate. one has a ARM(Libor index), and the other is a fixed rate.

What is the largest site for published mortgage rates? Is there an independent site (besides bankrate.com) that publishes daily mortgage rates? Ideally, I am looking for a datafeed I can integrated into a project.

Why would the failure (or need for government support) by Fannie or Freddie cause mortgage rates to rise? How does that correlation work? How do mortgage rates respond to the circumstances of Fannie and Freddie?

I am going to buy a home in 1 year. Can I lock in mortgage rates today? I will be purchasing a house in one year. I believe long term mortgage rates are around their low. I am concerned about where those rates will be a year from now. Is there a way I can agree to borrow from a lender and lock in today's mortgage rates?

Looking to find lowest refinance home mortgage rates? I’m looking for a better home loan mortgage rate than I currently have with my bank. So I am seriously considering refinancing. Does anyone know where I can currently check for the lowest refinance home mortgage rates?

Do you think the mortgage rates will get better this year? I come out of a fixed deal in August 2008. What are my chances of the mortgage rates being a bit better by then? I live in the UK.

Can an American obtain a mortgage loan from Japan where the mortgage rates are much lower? Can an American obtain a mortgage loan from Japan where the mortgage rates are much lower?

what have the mortgage rates fallen to this week? I know the mortgage rates fell this week, but what did they fall to? How long will this last? I am currently looking for a home, so it would be good info. to know. Thanks.

Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms? "Imagine you want to arrange a mortgage on your first house purchase. You need $200,000.00 Find the best rates and terms available from three different type of lenders such as a mortgage broker a major bank and a banking company such as president choice. Describe the advantages and disadvantages of each and choose the best one."

Where can I find out current home mortgage rates for my area? Does anyone know where I can find out the current mortgage rate averages for my geographic area? I'm looking at possibly refinancing and want to know if it would be worthwhile. Also, can I expect any costs when trying to refinance?

To what extent, mortgage rates impact on the behavior of property investors? Do the impact of mortgage rates the same as the interest rates'?

What is causing mortgage rates to drop? I would like to hear your take on why this is happening . For 3 straight weeks, interest rates have been dropping on 30yr mortgages. My rationale : I think they are falling because the mortgage lenders do not have enough demand but an over-abundence of capital from foreign countrys as the USA keeps buying more imports than selling the world stuff, and its causing another imbalance where the countrys are running out of places to invest.I also think it's further proof the housing bubble has popped.....I suppose many here will say it's going to be good for housing as there is no 'bubble'. I'd still like to hear from you.

Will 30 year fixed rate mortgage rates ever go down? Everybody keeps saying that the economy needs a jump start - well, I am certainly willing to do my part and spend more once I have refinanced my current mortgage. However, it seems like the 30 year fixed rates continue to hover around 6-6.25%. Is there any reason to believe that these rates will fall?

Effect of an interest rate cut on mortgage rates? The Fed has announced they may cut interest rates in the middle of March. I am currently working on getting a mortgage for a property I will close in mid-April. Should I wait to lock the rate until after the Fed announces the cut?

Could it be that short term interests are used by the greedy as an excuse to increase mortgage rates? (in reference to my question) Short term interest rates only apply to installment loans such as credit cards, but they do not have any impact on mortgage rates because those are determined by Treasure Bond rates or long-term rates.

How low do you think mortgage rates will fall in the next 6 to 8 months? I live in Raleigh, NC . I'm wanting to buy a house some time this summer. I have a FICO score of 700+. I'm looking for 170K to 200K house with a 5% downpayment. what kind of interest rate can I expect for a standard 30 year fixed mortgage?

Can you explain to me in layman terms how adjustable mortgage rates work? My sister has an adjustable rate mortgage. Over the past year her mortgage payments have gone up several times. Now her monthly mortgage payment is $2,235 for a 2000 sq ft home in a nice area. No new construction has gone up..so I dont understand... I was under the impression if you paid your bills on time your monthly payment would adjust down not up. My condo (2500 sq ft also in a very nice area) payments have gone down, but her payments keep rising..why? DJM: You hit on something that required a phone call to my sister. I pay $50 over my monthly payment while my sister simply pays the monthly payment... Great answers here. So far only one answer had me pulling out my hair because the person used a lot of jargon...

Should we shop at around at diffrent banks for mortgage rates? My husband and I are first time home buyer's. We didn't kow if it was better or worse to let several banks run pre-approvals. I wasn't sure if it would hurt our credit for a bunch of diffrent people to pull up our history. I want the best rate but I don't want to harm our rating. What is the best route to take when looking for a mortgage?

Does anyone know of a Bank or someone that give really low mortgage rates for first time home buyers? Looking to buy a house in Virgina and am shopping around for low mortgage rates. Anyone know of any low rates?

Will mortgage rates fall in the next year? Will mortgage rate fall below 5% in the new year, will inflation raise greater than 3% will the US dollar ever match the British pound what do you think? Serious educated discussion please.

Will mortgage rates continue to fall, stay steady or rise by this time next year? Trying to determine the best time to buy - would like to have 20% down to avoid private mortgage insurance, but not sure if its worth waiting if the market makes a turn around and interest rates go back above 6% I realize you cant really predict this, but what are the experts saying?

With Rates Falling At What Point Do I Re-Negotiate My Mortgage? We have 4 years left on our 5 year term of 5.1%....there is still 208k left on our mortgage, the table looks like we should have it paid off in 18 years. With rates the way they are, how do I figure out what point it makes sense to pay the penalty and re-negotiate my mortgage rate early of the renewal? This is a Canadian question, and RBC is the lender if that helps.

When mortgage lenders say "the bond market moved" so the rates are going to go down, what does that mean? Did the bond market go up or down, better or worse that causes the interest rates to go down. Which bond market is it, assuming there is more than one, that causes mortgage rates to go down?

Are mortgage rates usually higher on investment properties? Are mortgage rates usually higher on investment properties. I want to make sure that i'm gettin the right information. Right now if i go onto bankrate the interest rate is 6.27 on a fixed 30 year. My mortgage broker says that on investment properties that they add a point. The rate I'm getting on on a 30 year fixed on the investment property is 7.5. Is that sounds right or is that too high? Thanks!!!

Where do you see Mortgage rates heading? I'm closing on my house in November, what do you think a 30 year mortgage rate will be at? Any idea? I'm only asking for an opinion. I understand no one can give a set number.

If fed cut rates, would mortgage rates also go down? I know the mortgage rates is correlated to the 10 yrs note rate. But what about when u hear about fed cutting rates. Does that also affect the mortgage rates? I heard on the news that the fed will cut more rates because of a fear in recession. So if fed cut rates, would mortgage rates also go down? What else affect mortgage rates beside the things I mention above?

What influences mortgage rates? I am doing a regression analysis for a finance class, and I want to look at variables that influence or relate to the 30-Year Conventional Mortgage Rate... like interest rates of T-Bills or something. I just need suggestions on variables that may affect mortgage rates. Thank you!

Do you think the mortgage rates will lower or keep climbing in the near future? I got a 2 year fixed loan almost two years ago on my mortgage with money out to clean up credit so I could get a better rate but the rates have rose even higher. Should I lock in now or wait 5 months I have left to see what happens?

The fed adjusts short term interest rates. What affects long term rates such as a 30 year fixed mortgage? I am interested to find out what will make the 30 year mortgage rates rise and fall? I have heard that it is tied to the treasury note. Please help. Thank you.

Can anyone tell me the difference between interest only and fixed rate mortgage rates? I've been hearing a lot about the "benefits" of interest only mortgages, but I'm not 100% convinced that this is the way to go. They say that people should get interest only loans and put the remainder of what you would normally pay (on the mortgage) in some type of investment. Should you use your mortgage like this, or should you pay the mortgage off quickly???

Are the mortgage rates going to go down the weeks after Feb 23rd? I have an 80/15 loan for 30 years and am looking to refinance into a 15 year loan and have a %80 loan to value. Does anybody thing the rates will continue to decline? My current rate is 6.6% for the 80 and a variable for the 15 which has ranged from 8-10%.

How will the fed rate cut to 3.5% affect mortgage rates? Will the fed rate cut bring mortgage rates down even further?Freddie Mac said the rate on a 30-year fixed-rate loan averaged 5.69 percent for the week ending Jan. 17, down from 5.87 percent last week.

what is the latest status of freezing ARM mortgage rates? I had heard a few weeks ago that the government was trying to implement a program to temporarily freeze adjusting mortgage rates to help home owners from potential foreclosures. Any news on that, and what is the process to apply for this freeze if applicable

Why do mortgage rates vary between states? If you go to bankrate.com or any other place that gives you mortgage rates they always ask what state you are in. Why does the rate depend on which state you are in?

How does the Fed rate compute to the mortgage rates banks offer? If the Fed drops the rate 1/4 of a point, it doesn't seem to correlate to the lowering of the mortgage rate.

Why do mortgage rates go UP when Feds cut rates? When the Feds cut rates, short term debt like credit cards and HELOCs go down. But why do mortgage rates increase?

Why are 30 year fixed mortgage rates increasing so much over the past month? This is puzzling to me considering the economy and people's need to refinance. You would think that the rates would drop or remain lower in order to encourage more buyers to enter the marketplace. So, why have average rates jumped from 5.75 to 6.50 over the last month? Will they drop back during the spring?

When are 30 year fixed mortgage rates going to follow short term rates down? Looking for a 30 year, fixed, conventional. Wife and I have good credit scores. If I hold off until later this year will rates be lower?

What are some lenders with the lowest mortgage rates for Colorado? I am looking for a FHA 30 fixed loan and want some lenders with the lowest rates. It is usually around 6% but if you have a lender that can offer lower I want to know. Please only Colorado lenders because each state has different laws.

How does having a roommate affect mortgage rates? I see many people saying to have a roommate to help with mortgage costs, and to qualify for a better mortgage. Or, buying a duplex, and renting out half of it. Does the buying have to qualify fully on their own? Or how does the bank take the future rental income into account?

If the Fed cut rates by 50 points, why are 30 fixed mortgage rates still going up? My closing is in October and locked in, but my lender said if rates drop by .375, we can probably renegotiate.

What you think that Bank Mortgage rates will stay lower as now for long term? Bank are here to make money not to loose money, it looks like for short term that rates are low. What you think?

Mortgage rates? Mortgage rates? I keep hearing that mortgage rates will probably hold steady until mid-2008. They've already increased from 6.15 to 6.75 in the past 6 weeks. I'm building a house, and won't be able to lock in a mortgage rate until probably mid-August. Should I "buy" my mortgage rate at 6.75% now for $750, or should I hold off? What are the odds that rates will top 7.25% within the next three months?

Anyone think mortgage rates will drop further or have they bottomed out? Want to refinance 1st mortgage which is currently at 6.65 % and 2nd mortgage is at 8.88%.

Mortgage Rates? Which mortgage companies have the best rates right now? I am trying to get preapproved for a mortgage and buy my first home. I have been preapproved through BB&T but the rate they quoted me was 6.25%. I felt this is high. I have good credit (score in the mid-to-high 700s) and no credit card debt. Are there any other lenders I should check with?

mortgage rates? i was thinking of refi my mortgage but i hear that the mortgage rates are going to drop ever lower. any experts think thats going to happen?

mortgage rates? ok today my bankes mortgage rates went up from 6.85 to 7 with no points. I cant lock until july 10th because our house wont be ready to close until aug 10. should i lock as soon as i can or do you think rates will drop off towards the end of july begining of aug.

Mortgage Rates? My mortgage rate went up extremely high and now I'm in aw of it dont want to loose my house...What shall i do...I though that a Fixed rate would keep me at my same payment...Someone with a lot of knowledge plz help...And Thank You for your help ...Thank You!!! P.S I reside in Houston Tx

Mortgage rates.? Hi, How is the mortgage rate right now? I see at bankrate.com that it has been continuously rising for the past couple of months? Is there any chance it goes down by the end of the year?

Mortgage rates? I was considering buy a home/duplex and renting it out while i am in school. I can come up with a 10-15 % downpayment. But as I was searching I came across a 10 unit apartment building selling for 200k. To me it seems like I would be taking it big on buying my first property...but at the same time I would be adding about 2k extra income every month. Does anyone know what the average monthly mortgage rate is for a 200k with 15% down? Thanks

Mortgage Rates? I got a preapproval done and recently purchased a house so I was wondering when I get to pick whether I want a fixed or variable mortgage rate??

Mortgage rates? So, mortage rates fell for the first time in 3 months. We're at about 6.65% right now. What are your predictions as to where rates will be over the next 4-5 months? What are the chances of rates topping 7%?

Mortgage rates? Rates went up in April/May/June, and have declined or held steady for the past 3 weeks. In your opinion, what will the rates look like over the next 12 weeks? Why?

Mortgage rates? Couple of questions. 1. Does anyone think the mortgage reates will go any lower? If I took out a 15 year loan at 4.62% on a 190 k loan - my payments are around $1750/mo if I do a 30 year loan the interest is at 5.25% but the payments are only $1350/mo gives some room in case an emergency would come up. BUT what if I were to take the 30 year at 5.25%($1350/mo)AND paid $1700/mo, an extra $350 in principle a month. Would I come close to the 4.62%. Not exactly sure how to calculate that. Any advice would be appreciated!

mortgage rates? how offers best mortgage deal in the uk. is interest only a good option

Mortgage Rates? Who knows the link or what the current home loan rate is now for various banks to compare??? Looking to buy a home and want THE BEST rate possible with no money down on a 30 year fixed...Any suggestions???

mortgage rates? I am looking at buying a house and can put about $10,000 down and have a credit score in the low 700's and don't want my house payment to be more than $600 a month, how can I figure out what price range I can look in?

mortgage rates? what makes them drop?

What will mortgage rates do in a slowing economy? I am right on the cusp of where it would make sense to refinance my mortgage. I already have a fixed 30 year at about 6 percent. If rates continue their decline it might make some sense to refi this baby and save around $100 per month or more. I guess I have two questions that relate to the mortgage market. How will a recession or even a slowing economy effect the mortgage rates? How does a reduction in the fed funds rate effect mortgage rates? I understand that mortgage rates follow more closely the 10 year treasury rate.

Historical Mortgage Rates? I'm looking for a website that has a day by day listing of the average mortgage rate for that day. I fully understand that mortgage rates vary considerably based on a lot of factors including points and other things, but I'm more interested in overall trends. I am interested in 30-year fixed rate mortgages only. If someone can post a reply with a link to a day by day listing of the rates on each day, from a website OTHER than mortgage-x.com (I don't like the site), you'll get a best answer. Thanks!

Mortgage refi and fed rates? Hi, I need to refinance my mortage. I have the paperwork in and our mortgage broker locked us in last week at 5 7/8. He is nuts for closing this deal (I think he is hurting because of the slow market). We never authorized the lock in, but he said rates had gone up since last week and we had 30 days for rates to change. Can someone explain why rates are going up for a 25 year fixed mortgage if the fed is once again about to lower the prime rate? Are they not related? What moves the mortgage rate market. Thank you! btw, my credit score is excellent and we are not getting a jumbo mortgage

Mortgage Rates--Refinance? I live in Virginia and recently purchased a home. This is my second mortgage. I had no idea how much mortgage rates had increased. I am paying 6.75 as compared to 6.125. Are mortgage rates expected to climb or is it possible for me to refinance and get back to less than 6.5? My credit is still the same and both mortgages were 30 years fixed interest.

Mortgage rates Rise? How come mortgage rates continue to rise, when one would think that with the recent housing crunch one would think mortgage rates would be dropping. Is it the banks have tightened credit so much, that it is forcing rate higher..due to availability of $$. Is this run up in rates only temporary and will we see them drop back down again soon?

Mortgage rates will now drop alot...? I am excited about the Govt's recent activity to save my home fron recession....It would be easy to be the Fed chairman job..all you have to do is move rates lower when the economy looks flat lined and raise them while everything is going great. Anyway, now that the Govt has dropped the interest rate by a half percent, how long will it take until it gets easy again to refinance and lower the mortgage payment? I think the good days are back and homes should start building equity again. it should also be easy to get credit cards now that homes will shoot back up. Can I get some equity money at cheap rates going forward? After all, if the banks get loans for less cost, then we can expect this rate cut automatically...I can't wait, I want to shop til I drop and will put the goods on my CCard so I can pay later., I love free/cheap money!...lots of deals still out there.

My mortgage broker did not lock in a %5 rate this week, she is waiting for rates to lower on Tuesday - wtf? We are buying a house in California, Bay Area, our broker called on wednesday this week and said, "Here's your rate today! %5, isn't that great?!" but then she says, "We're not locking in yet, we're waiting for the fed to lower rates at the meeting next week (Jan. 29-30th) She is certain it will affect mortgage rates and they will be even lower for our mortgage - but I am so worried she is wrong and the %5 rate will be gone forever. Rates are already up again. I wish I hadn't listened to her. I should have had her lock in. Is there any chance at all that %5 rate may return? I am so devestated, it's hundreds of dollars per month difference. Help!

Better Mortgage rates in Trinidad & Tobago? I live in Trinidad & Tobago and want to buy a place to live, but the local mortage rate is around 9%, which is a complete rip off - Bizzarly, interest rates on car loans are cheaper even though there is more risk. Is it possible to access mortgage's from other countries where the rates are cheaper?

Mortgage Rates going to decline? I'd like to refinance my 1st mortgage...when the time is best. I have a 6.625 rate on a 30 year fixed loan now. I read an article that indicated rates may drop a few times before year end. Just wondering if I should refinance now , wait it out a few months , Or maybe just stay put for a while.

mortgage rates where are they going? what do you think about the mortgage rates in the next 2 months, will it go up or it will continue to sink? i'm planning to buy a house but im thinking twice since i know that the fed might cut the rates, so this will have a big effect on the monthly payment it went up last week, however it fell by a lot today, its now at 6.03 for a 30yr fixed.. its about 0.40% down

Mortgage rates Question? If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to buy houses? ...

How Low Will Mortgage Rates Go? If the feds cut rates again on Wed., how low do you think 30-year fixed rates will go? I know a 30-year fixed mortgage isn't tied directly to the rates the feds will probably cut, but it should have some indirect impact. I'm currently at a 6% fixed rate and refinancing in the next 30 days. Todays rates for my particular loan are 5.875%, up from 5.75% yesterday. I haven't locked anything in because I think they're going to drop again. When would you pull the trigger and lock it in?

Refinancing and Mortgage Rates? Are refinancing and mortgage rates different? Also, is refinancing closing cost higher than mortgage closing when buying new home. I bought a home 10yrs-Fixed-ARM in June'07 at 6.25 and now the rates are 5.75. I will save $200 per-month if I get 5.75. Should I refinance? Advise please. I have good credit.

mortgage interest rates? I noticed that after the Fed lowered their interest rates a few weeks ago mortgage rates actually went up slightly. What happened?

Where are the mortgage rates at as of today? Read on....? I have a mortgage rate & wanted a better one. I was suppose to get a new rate at 6% but the guy doing the work said they have gone up again. Is this true? I keep seeing where mortgage rates are suppose to be at 4%. Which is right?

Does lower prime rate effect fixed-rate mortgage rates? How will the new lower prime rate effect (new) fixed rate mortgages? Will mortgage rates drop?

Mortgage Rates increased? The fed lowered rates .25% last time. Why did a 30 year mortgage increase from 5.61% to 5.79%? Okay, I hear some of you, but in some of your reasonings, the rate should have stayed the same. But they instead increased .19% on FIXED mortgages. Why? Okay. They aren't directly related. THEN WHY DID THEY INCREASE?

Mortgage Rates? Need Help? Any predictions on mortgage rates? We are looking to refinance from a 30 year to a 15 year fixed. We're not sure when to jump. Any advise would be appreciated. Thanks

Why do mortgage interest rates go up? Recently in the uk there have been 2 notable rises in mortgage rates which has resulted in thousands having their homes repossessed...what or who makes the rates rise???

Mortgage rates 100% financing? Do you know what mortgage rates can I get in Toronto with 100% financing?? thanks

Do low mortgage rates usually have hidden fees? For example, do the rates like 5.75% at a big "chain" mortgage company usually end up cost you more than a 6.25% rate at a well respected locally owned bank?

Tracking home Mortgage rates.? Hey all, I have a two part question. First, are there any websites available that let you track home mortgage rates daily or even hourly. I can't find one. Secondly, I know this is the million dollar question, but should I look to lock a rate very soon for a home we are starting to build in the next couple weeks? Or should we wait, or realtor said wait because election years they usually drop. Any advice on either question would be greatly appreciated! Thanks, Jason