Archive for July 10th, 2008

I am going to buy a home in 1 year. Can I lock in mortgage rates today?

Thursday, July 10th, 2008
brazilnutrhodes asked:


I will be purchasing a house in one year. I believe long term mortgage rates are around their low. I am concerned about where those rates will be a year from now. Is there a way I can agree to borrow from a lender and lock in today’s mortgage rates?

Jamie
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Posted in mortgages | 6 Comments »

Will mortgage rates continue to fall, stay steady or rise by this time next year?

Thursday, July 10th, 2008
Nikki H asked:


Trying to determine the best time to buy - would like to have 20% down to avoid private mortgage insurance, but not sure if its worth waiting if the market makes a turn around and interest rates go back above 6%
I realize you cant really predict this, but what are the experts saying?

Arlene
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Posted in mortgages | 5 Comments »