Mortgage Blog

Recent Mortgage Rates

August 9th, 2012 9:39 AM by Eric Fang

I think we might saw the bottom of the interest rates
if the Europe financial situzation will not deteriorate.

For the financial market, lots of people hope for the QEIII,
if QEx can fix the problems, then we don't even need QEII.
What All the QEx does is to buy more time for the economy
so that the economy can have reasonable growth.

What I care more is the RE market. When we see the news that
the builders are trying to build more house, and the house
pricing goes up in most of the us cities, the us economy
should recover. That means the rate should not go lower
much from here.

Also this is confirmed from the recent fed decision to watch
the market and do not have any QEIII in any time soon.
But this does not mean the interest rate will go up soon.

My prediction is that the rate will go up from next Summer.
But still it will not go up too much, but it will go up
from the current level.

Posted in:General
Posted by Eric Fang on August 9th, 2012 9:39 AM



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