Mortgage Rates are Falling
by Nancy Woodward
Long term mortgage rates are now falling. This is the first time since 2005 the've been at Monday's level.
Quicken Loans Chief Economist, says mortgage rates are benefitting form the volatility of the stocks when compared to the security of bonds. When the stock market is in a period of fluctation, investors tend to look for safer places to put their funds - like Treasury Bonds.
This could mean more sales of homes as consumers are more likely to find financing at lower rates.
Builders have been giving away a lot of goodies - like granite countertops, no cost closings, price cuts and more in an effort to improve their sales positions. Many large firms believe they need to cut costs to prevent more sales of foreclosed homes.
The market is in a constant fluctation stage - I prefer to wait a bit before jumping in.
Long term mortgage rates are now falling. This is the first time since 2005 the've been at Monday's level.
Quicken Loans Chief Economist, says mortgage rates are benefitting form the volatility of the stocks when compared to the security of bonds. When the stock market is in a period of fluctation, investors tend to look for safer places to put their funds - like Treasury Bonds.
This could mean more sales of homes as consumers are more likely to find financing at lower rates.
Builders have been giving away a lot of goodies - like granite countertops, no cost closings, price cuts and more in an effort to improve their sales positions. Many large firms believe they need to cut costs to prevent more sales of foreclosed homes.
The market is in a constant fluctation stage - I prefer to wait a bit before jumping in.
Labels: interest rates, Mortgage loan, mortgage loan advice, real estate foreclosures, real estate market, stock market
posted by Nan at 12:32 PM
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