Tuesday, January 05, 2010

Mortgage Rates Trend

Mortgage Rates were 5.14 on a 30 year fixed, up from 5.05 from a week earlier. Federal Reserve continues to buy mortgage backed securities in the effort to make housing more affordable and expected to end in the Spring.  Mortgage and Banking experts polled from Bankrate.com predict the following trends over the next 30-45 days:
  • 61% think rates will increase
  • 8% think rates will stay the same
  • 31% think rates will drop