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How long will rates stay this low?

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lpayton
Regular Contributor

How long will rates stay this low?

Part of why I feel so rushed to get approved for a mortgage is because the rate is now below 4%. My plan is to get pre-approval NLT November 1st. Any of the brokers here have a guesstimate of the rate change (if any) before then?
Message 1 of 6
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doublespaces
Frequent Contributor

Re: How long will rates stay this low?

twenty seconds.

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Message 2 of 6
rross
New Contributor

Re: How long will rates stay this low?

I don't know, but it sounds like rates are expected to stay low for awhile at least.  I know it's unpredictable, but everything I'm hearing hints that they'll stay low... HOPE SO!

Message 3 of 6
doublespaces
Frequent Contributor

Re: How long will rates stay this low?

I am closing this week on FHA @ 4.25% and am MORE than happy! Would love a lower one though.

Starting: EQ: 490 TU: ??? EX: ???
Current: EQ: 717 TU: 757 EX: 736 (lender)
Goal: 800+
=============
Amex: Zync, Gold Delta
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Chase Slate
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Message 4 of 6
BN3
Established Member

Re: How long will rates stay this low?

How's 3.875? Smiley Very Happy

Message 5 of 6
cdtotten
Established Contributor

Re: How long will rates stay this low?

Track the treasury rates, that is typically what mortgage rates follow. The feds have indicated they don't plan on raising rates until atleast 2013, so we should still have some time before rates start to begin ticking back up. I wouldn't be in any rush - they are actually on the down-tick currently.


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Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
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