Home Loan Rates

Andrea Said:

Do you think the FEDS meeting which started today will lower the home loan rates tomorrow ?

We Answered:

Most people I have read think that the Fed will wait at least another month before doing anything. They really only have one option (speed up their purchases in the bond market) and they may be loathe to do this because of the possible ramifications on inflation. However, the Fed has surprised before, so who knows.

Randy Said:

Do you think home loan rates will come down this week ?

We Answered:

I don't think so its going to come down any soon. In last five week it went up from 4.75% to 5.07% in 15 year fix mortgage last reading. It took five week or may be more to went up and it gonna take week to come down that's happened because of refinancing.

About 10year treasury if the demand is gonna high for US debt than it might come down. 10 year goes up because of too much supply.
10 year is closely related to 30 year fix mortgage.

watch how good the auction is watch the results.

Sue Said:

What are the fha home loan rates like as of now? I'm looking to use a fha refinance for my current home.?

We Answered:

4.875%-5.00% (on a 30 year mortgage) is about the lowest going rate right now. Alot is factored into that rate but that's what you're looking at for rate.

You can refinance up to 97.75% of the value of home.

hope this helps. Good luck.

Eva Said:

Can I get all home loan rates in INdia?

We Answered:

Try http://ratekhoj.com. I have found Ratekhoj.com to be an excellent site to get home loan rates from most leading Bnaks in India. Compare fixed and floating home loan rates and they also give other useful info such as fees, eligibility, margins etc. Definitely check it out.

Jessie Said:

Which Treasury bond rates which impact on home loan rates 30 yr & 15 yr fixed ?

We Answered:

as odd as it seems it is the 10 year.

Rates have been coming down the last 10 days which has been nice.

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