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Question
how can I find out when the lowest morgage interest rates will be? Im in the process of selling my house and upgrading,right now I now about 6 percent is the going rate,Im hearing in 2 weeks to a month its going to be about 4 and a half,anyone know how to verify this?
By steve c Posted on 04/08/08 Total Answers 2
Answers-
You can't because the market is a bit volatile so you can't really pick and chose the mortgages as you could do before.
Answer by : तर्नेक On Date 2008-04-08 04:21:22

Mortgage rates are tied into the 10 year T bills. The banks funding for mortgages are tied with those rates. Then they charge the points from that point. Currently look at BankRate. This will give you the current trends. Best of luck in you home sale
Answer by : Big Deal Maker On Date 2008-04-08 04:26:23

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