Are home mortgage loan rates going to continue to go down? Or do you believe they are at the lowest point?

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A local bank here is at 4.85% apr on a 30 year mortgage with zero points, do you believe they will continue to decrease or will they turn soon? thanks!! Why?

5 Comments
  1. Reply
    james m
    February 1, 2011 at 2:49 am

    I believe that interest rates and inflation will start to climb if Obama continues to print money to give away. This will drive down the value of the dollar, which causes prices to rise. Lending institutions will have to raise their interest rates to make up the difference in the falling value of the dollar.

    Do you remember when Jimmy Carter was President? Or at least heard of him? Home loan rates, under his administration, went to 22%. We had double-digit inflation. He was a one-term president.

    When my wife and I bought our home in 1978, we were lucky to get a mortgage loan with a 9.50% interest rate. That was 31 years ago. After we bought our home, mortgage rates more than doubled our rate.

    Look out, because, under the Obama regime, the interest rates will climb out of sight. He will also be a one-term president.

    • Reply
      Tom
      August 3, 2011 at 4:21 pm

      don’t feel bad… it looks like everyone here was wrong, not just you.

  2. Reply
    Patrica
    February 1, 2011 at 3:37 am

    Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

    http://www.worldbestloans.com/Mortgage%20Loan.htm

    A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

  3. Reply
    Free Cruise Mortgage Specialist
    February 1, 2011 at 4:26 am

    you should do it now. its not going to get any lower

    Mark Shidler
    Free Cruise Mortgage Specialist
    2 Free Cruise Tickets on every home loan
    http://www.2freecruisetickets.com
    toll free 877-701-8237
    cell 904 434 9235

  4. Reply
    fixed rate
    March 13, 2011 at 2:43 pm

    From my point of view, I dun think the interest rate is going down any further. We can see that the inflation is happening in the world. Countries like India, China, Australia and Korea has been increasing their interest rate several times because of the current unstable economic environment.

    Therefore, I would say that this is the best time to buy a house and get a fixed rate financing. You will not feel worry on the rising interest rate anymore.

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