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Mortgage Blog

Mortgage Rates pause as Fed uncertain on rates

April 26th, 2012 12:15 PM by Michael and Jill Kohler

A question we hear often is what moves interest rates. While there are many indicators besides the 10 year treasury yield; Unemployment, the stock market, foreclosures, housing starts, sales time on market, availability of credit to non-prime and first time borrowers for just a short list. Besides the fact that it’s an election year and politics will always figure in. IMHO it’s way too early to begin any serious predictions on rates over the next several years. There are simply too many unanswered questions.

We’ve been following the Mortgage Bankers Finance Forecast for nearly ten years, and only one thing is for sure… Predictions can often be deceiving. Have a look for yourself.

http://www.mortgagebankers.org/files/Bulletin/InternalResource/75318_.pdf

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Posted in:General and tagged: Pa Mortgage rates
Posted by Michael and Jill Kohler on April 26th, 2012 12:15 PM

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