Adam


Today is Wed. 10/8, and my lender just called to tell me rates went up today. We are in escrow and been waiting to lock in because of the bailout plan. My lender said that Bernake (however you spell it) was supposed to lower interest rates but hasn’t done so yet. Any ideas on whether they will go back down, or should I lock in today?

Powered by Yahoo Answers

3 Responses to “What are mortgage interest rates likely to do in the next day or two?”

1. La Vie Boheme on February 9th, 2009 7:14 am

   Powered by Yahoo Answers

   Last I heard…The rate was lowered to 1.5% from 2% this morning. I don’t think it goes into effect until tomorrow though.

2. glenn on February 11th, 2009 4:04 am

   Powered by Yahoo Answers

   Bernake is in charge of extremely short term rates.

   They might effect a credit card rate, but they do not relate to a 30 year home loan at all.

3. Ed Atun on February 11th, 2009 10:42 pm

   Powered by Yahoo Answers

   Short term rates are going down fast. No one wants to make a 30 year loan with all this uncertainty. So no one is offering any “deals” on mortgages. I think that money might become cheaper for 15 year loans next..