mortgage rate prediction, Mortgage Rates news.
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Mid-course correction. (Mortgage Bankers Association economic predictions): An article from: Mortgage Banking
Book (Mortgage Bankers Association of America)
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mortgage rate prediction FAQ
my self i think it has bottomed out and will start a climb!!!
After consulting my crystal ball, it said that they may go down a bit further, but not everyone is reaping the rewards of this low interest..it is only for the creme de la creme of credit worthy borrowers and those who are not upside down on their lo
After consulting my crystal ball, it said that they may go down a bit further, but not everyone is reaping the rewards of this low interest..it is only for the creme de la creme of credit worthy borrowers and those who are not upside down on their lo
Like any other market, the only thing to predict is based on the Business Cycle.
The cost of Money (interest rate), when compared to the Business Cycle, has been unusually low for a very long time. And, in the 90's, we saw a rare mediocre
mortgage rate prediction news
RBA Saw Half-Point Cut Needed to Revive Growth, Minutes Show
The Reserve Bank of Australia made its deepest interest-rate cut in three years to help revive below-average growth, counter rising mortgage costs and shore up consumer confidence, minutes of its May 1 meeting showed.
“Growth outside of the mining sector was expected to be below trend in the near term, affected by the high exchange rate, softer government spending and subdued conditions in the housing market and building industry,” the minutes released today in Sydney showed. “With financial markets remaining unsettled, the risks emanating from Europe continued to cloud the global outlook.”
Source: BusinessWeek
Derivatives Signal Rising Money Market Stress as Greece Worsens
Forward markets signaled increased stress in the money markets as traders lifted bets for the gap between the London interbank offered rate and Federal funds for the months ahead amid concern a Greek failure to form a government may force the nation to exit the euro area.
Predictions in the forward market for Libor-OIS, a gauge of banks reluctance to lend, rise to a four-month high, according to the so-called FRA/OIS spreads. Predictions for the spread for the three month period beginning in September, the so-called second rolling contract, was 43.9 basis points, compared with 41 basis points on May 11 and as narrow this year as 28.8 basis points on March 2.
Source: BusinessWeek
CMHC says has no special guidance on rates
Source: Reuters Canada
