A chance of a lifetime (Video) 8:41

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Winger,

If the Feds stop raising rates what will happen to mortgage rates? Up, down, or basically level off where there at today?
 

Wooooooooh Nelly look em' go!!!
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JP,

Mortgage rates are really tied solely to the bond market but usually swing side by side with the short term rates.That being said, we and our investors see the Fed raising short term rates just one more time this year (next Fed Meeting) so I'd say mortgage rates a year from now will be anywhere from 6.25%- 6.875%........30 yr fixed that is
 

My AK-47 has killed less people than Ted Kennedy's
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shes +1 after 11. Great story. I think everybody is routing her on
 

Wooooooooh Nelly look em' go!!!
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You are correct but I'm sure there's not one poster here at the RX that could of matched her 74 today! Awsome story!!!
 

Living...vicariously through myself.
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The Right Wing said:
JP,

Mortgage rates are really tied solely to the bond market but usually swing side by side with the short term rates.That being said, we and our investors see the Fed raising short term rates just one more time this year (next Fed Meeting) so I'd say mortgage rates a year from now will be anywhere from 6.25%- 6.875%........30 yr fixed that is

Winger how about the 50 year note being intorduced in Cali? Is it going to catch on nationwide?I read a little about it...some pros and cons (like everything else).Looks like another way to keep homes moving.
 

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right wing what are your thoughts on the four pay option arm i currently have at 6.25? it adjusts every month and lets you pay a 1% option. based on the treasury funds or something.
 

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