Interest Rates


  • With so few consumers able to qualify for loans, it's likely home values and interest rates will continue to fall.
(5 Votes)

Latest Interest Rate Reports Show Signs of Instability

The reports are in for interest rates last week and I, for one, am a bit concerned. Typically, interest rates move around a few points at a time. Lately, however, some larger swings in rates have caused a few alarm bells to go off.

A Few Facts about Interest Rates Lately

  • The last two weeks have seen larger swings in interest rates on all mortgage types than at any time in the last 3 months.
  • Rates have not been this low for over 50 years.
  • The government has announced plans to add stimulus to the mortgage market by buying Treasury notes.
  • New mortgage rules imposed by lenders make refinancing harder than ever despite ultra-low rates.

If you add up all these facts about interest rates, you can see that the market is far from stable. The truth is that mortgages today are in trouble. With so few consumers able to qualify for home loans and so many unable to take advantage of rates, it is likely that the slumping of home values and interest rates is going to continue.

Looking into 2011…

I recommend homeowners batten down the hatches and prepare for an eventful winter. Even if you don’t refinance during this period, changes in your home’s value as well as your neighborhood could have some serious implications for you and your home. Staying on top of these changes as a homeowner is going to become increasingly important as the instability goes on.

Get Mortgage Rates!
(5 Votes)

People also like to Read

Betsalel Cohen

Mortgage programs have different minimum credit score requirements. However, lenders often have stricter rules. It is importa... Read more >>

Daniel Cohen

FHA Loans | FHA Loans have huge benefits, including VERY low down payments and low credit limits. Get FREE info on FHA loans... Read more >>

Betsalel Cohen

Mortgage Basics - Down-payment, Equity, and LTV | Learn about mortgage terms relating to your property's value and how it aff... Read more >>

Betsalel Cohen

Whether you are refinancing or buying a home you will ask yourself if you can afford the mortgage. Learn to prepare and evalu... Read more >>

Betsalel Cohen

Qualify for a Mortgage | You can get qualified for a mortgage and the best rates by preparing yourself. Make sure that your c... Read more >>

Mark Cappel

Applying for a mortgage with bad credit and a spouse isn't as difficult as you may think. Learn the what lenders look for whe... Read more >>

Betsalel Cohen

PMI | If you are looking to buy a house and take a mortgage loan with a low down payment then PMI can...... Read more >>

Brad Stroh

Refinance My Home? If you are asking 'Should I refinance my mortgage?' or 'Is refinancing my home a good?', then check out ... Read more >>


1500 characters remaining