Does anyone think Mortgage rates will drop even lower?

Question:

Answers:

This is actually a difficult question to answer, and here is the reason: we do not know what exactly is happening with the economy. You may be hearing about a recession in the news, and that is why the Fed cut its rates, which have led to lower rates. However, this past week brought us the announcement that lenders feel we are headed for an inflation, which is leading them to raise rates. I was communicating with a loan officer this morning, who said he had no idea where the rates were going to end up at any given time. He did say that if you have good credit, and your finances are in order, he felt that you should be able to obtain a good loan.

Answered by Frank Schulte-Ladbeck on February 27, 2008: Profile | Contact | Website

It's hard to tell, as rates have been changing so much lately. A good mortgage consultant can tell you what rates do on a daily basis, but will unlikely commit to whether or not the rates will go up or down. There are many websites that you can visit to watch rates, and you should when you are looking to get a loan. Watch the rates and talk to your mortgage consultant as to when you think you should 'lock' in your rate.

Answered by Jill Aylwin on April 12, 2008: Profile | Contact | Website

Investment	Suburbs
Townhomes	Mortgage
Taxes

Answer this question...

Name / Nickname: Agent Profile ID# : (not required) (Not registered? Get Listed!)

Your Answer: Your post MUST NOT: Mention your personal website. Contain content that is NOT 100% unique to this site and authored by you.

Submit Code:

Disclaimer: All answers are provided without warranty by the HoustonTexasRealEstate.com community. HoustonTexasRealEstate.com does not evaluate or guarantee the accuracy of any questions, answers or other posted information on "Ask an Expert". Answers to financial, legal, and investment related question are for informational purposes only and should not replace professional advice.