Will Mortgage Rates Continue to Decline?
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The Federal Reserves decision not to increase the interest rate had a immediate effect on the 30 year mortgage and lowered it 17 basis points in a two week window. If oil prices keep declining we may see a period where inflation is kept under control enough to keep mortgage rates in the 6.50 to 6.75 percent range and provide enough of a foundation for buyers to trust the marketplace.
I think that the price of oil is much more important to the housing market than most people think. It has been a key driver of inflation along with increased salaries. If the psychological pressure of putting gas in ones car is mitigated, then people may be more comfortable with their present pay and situation.
30-YEAR MORTGAGE RATES
| Date | 30-Year Rate |
| 8/10 | 6.55% |
| 8/3 | 6.63% |
| 7/27 | 6.72% |
| 7/20 | 6.80% |
| 7/13 | 6.74% |
| 7/6 | 6.79% |
| 6/29 | 6.78% |
| 6/22 | 6.71% |
I need the picture of beautiful small house in asia/gulf style like pakistan india.bagladesh and u.a.e
please provide me the best ...
It's been a long that I have not visited your blog and I think I am not up to date. ...
I like how the market is described here. It really does make sense that if we can stabilize the housing ...
The problem is our government, followed by the banks. We bailed them out when they were in trouble, but now ...
I would appreciate if you would forward information on whether land contracts qualify for the tax credit.
Thanks, 
I have lived in Texas all my life, and I'm surprised that Texas as well as Oklahoma and Kansas are ...
Yo u guys don't no wat ur talkin bout Florida had most crime fade county little haiti opa locka west ...
I don't recommend CL in most cases...I use it for hiring, finding baby stuff, computers and bikes...anything else is a ...
I bought a statue tonight to bury in my yard for a quick sale on my house. I already found ...
