Mortgage Rate Trends Are Pointing Towards Much Lower Rates

mortgage rates trends

By Jesse R Wojdylo

Ben Bernanke and the Federal Reserve Bank have been adamant about buying back mortgage backed securities. By doing this, rates are going to continue to fall. There is no way that the government can put TRILLIONS of dollars into MBS and rates rise. The overall trend for mortgage rates has been down for quite some time and there is little evidence to prove that this will change anytime in 2009.

Trends are very important to some individuals because it gives them an opportunity to gauge the correct time to refinance. If you can time it out correctly, you could save over $10,000 over the lifetime of a loan. There are not many financial gurus out there that have been successful at making predictions, but there are some!

Overall mortgage trends and rate predictions go hand in hand. If the trend is up, it is likely that predicting the future of 30 year fixed rates will follow the trend. The old adage is "the trend is your friend." With the current trend in rates being down, there is absolutely no reason to buck the long term trend and predict that overall rates are going to go higher for an extended period of time. It is likely that we will see weeks in which there is a bounce in most rates, but it seems highly unlikely that the overall downtrend will be broken with the government doing everything they can to keep mortgage rates under 5%. Some are even predicting that the government will force rates to under 4%.

Subprime Blogger is your mortgage news source for the current events affecting the mortgage industry as a whole.

Subprime Blogger offers several articles on mortgage rate trends that can help you save a great deal of money if you decide to buy a new home or refinance.

Article Source: http://EzineArticles.com/?expert=Jesse_R_Wojdylo

mortgage rates trends

Mortgage Rate Trends Could Help You Save Money - Mortgage Rates Trends

mortgage rates trends

By Jesse R Wojdylo

Mortgage rate trends are something that is searched every single day on Google. Recently, it has been a keyword phrase that has been searched even more because home owners and new home buyers see that overall rates have hit a short term bottom and have been heading higher over the last few weeks. Most Americans do not want the long term downward trend to be broken, but with a for more weeks of an uptrend and that is likely to happen.

The government also does not want that to happen as they want to keep low mortgage rates in an economy like this. The housing market has seen some unbelievable declines and if we continue to see rates increase, it is likely that those declines are going to get even worse. President Obama and Ben Bernanke know this and that is why they have been doing everything in their power to push over rates below 5%. Unfortunately, the 10 year treasury rate has continued to work itself higher which has caused and increase in interest rates.

If you have been following mortgage rate trends over the last few years, you likely know how much money can be saved by doing a little bit of extra research. We all have friends and family who locked in at rates well below 5% and they are reaping the benefits right now. Having lower mortgage payments can make everything in your financial life much easier so why not take the time and do a little bit of extra research so you too can save every month.

Subprime Blogger offers you up to date information on current mortgage rate trends. Having access to Low mortgage rates is something every American wants, let Subprime Blogger help you!

Article Source: http://EzineArticles.com/?expert=Jesse_R_Wojdylo

mortgage rates trends