Home Loan Rates Still at 40 Year Lows
The Federal Reserve is raising rates consistently. Why are bond and mortgage rates not responding?
(PRWEB) May 31, 2005 -- That's what we hear. The Fed is raising rates and has been now for some time. Most economists are speculating that they aren't about to pause any time soon. But home loan mortgage rates and bond rates remain at or near 40 year lows. This is the "conundrum" as Fed Chairman Alan Greenspan has been quoted as calling it, that faces everyone in an interest rate sensitive market.
Where are rates going from here? What should a prospective home buyer or current home owner looking to save money by refinancing expect?
"Now is the time, and has been, for a while, to grab that low rate," Chris Klein, President of America's Mortgage Solution, Inc., advises. "The general public reads the headlines on rates, and may not investigate any further. But rates on home loans are still within inches of the lows set in the last couple of years. A little digging can still benefit many homeowners."
When asked to speculate on where rates may be headed, Mr. Klein advises that "if you think it may be in your best interest, make the call. Many lenders will be happy to give you a no obligation quote, and even keep you on a watch list if rates do indeed dip further. The point is that this market is tough to gauge even for seasoned mortgage professionals and bond experts. The monthly unemployment reports and inflation gauges have been what the market is looking to, but even with oil and gas prices at record highs, the overall inflation picture is still cloudy, and some say even tame."
Will home loan rates remain at all time lows? That's anybody's guess, but dont let the headlines fool you. For more information on interst rates and home loan solutions, contact America's Mortgage Solution directly by visiting their website: http://www.americasmortgagesolution.com.
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