Equity Home Loans

How long will mortgage interest rates continue to drop?

I am going to re-finance my interest only mortgage and need suggestions on when to lock in an interest rate. How long will they continue to drop?

Public Comments

1. i dont know where you are but they arrent dropping over here.
2. I don't think they will go down much futher. They are still very good. I would wait untill after christmass they are projected to go down a tiny bit more by then. But that's it. If you would like a rate quote you can email me @ karrie_ramel@counrtywide.com
3. nobody knows this for sure. lock your rate whenever you feel comfortable with.
4. Well, they stopped dropping well over a year ago and have been slowly and steadily rising ever since.
5. They've stabilized for now. Might drop a tiny bit more if the fed keeps rates the same at the next meeting. I'd lock now, because if the fed raises them again, the rates are going up. Of course, any rate that's not locked isn't real. Period.