Jun
27
How long will mortgage interest rates continue to drop?
By
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?
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5 Comments
June 29th, 2010 at 4:08 pm
i dont know where you are but they arrent dropping over here.
June 29th, 2010 at 8:28 pm
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 @
July 3rd, 2010 at 1:17 am
nobody knows this for sure. lock your rate whenever you feel comfortable with.
July 5th, 2010 at 6:49 pm
Well, they stopped dropping well over a year ago and have been slowly and steadily rising ever since.
July 6th, 2010 at 4:58 pm
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.