Pompton Plains, NJ (PRWEB) December 21, 2009
HSH.com released its latest two-month forecast for mortgage rates. Homeowners and potential home buyers should take note of changing market conditions.
"There are a number of developing factors in the economy and financial markets that will affect mortgage rates in late 2009 and early 2010," said Keith Gumbinger, Vice President at HSH Associates. "Consumers who plan to purchase or refinance a home need to know how their plans may be influenced by them."
While mortgage interest rates have been favorable for much of 2009, Gumbinger noted that several factors beginning early 2010 seem likely to affect the market. "We begin the year with brand-new documents being presented to borrowers, and there are many more changes in the planning stages right now," he said. These include expiring federal supports for mortgage markets. Gumbinger said that potential borrowers may need to move quickly to take advantage of favorable market conditions.
This latest forecast can be found at http://www.hsh.com/2month4cast.html.
Two-month forecasts have been issued by HSH.com for almost ten years. Previous editions dating back to 2004 can also be found at the site. "Our track record for forecasting rates is pretty good," said Gumbinger. "Visitors are encouraged to judge our successes and failures over time for themselves."
HSH Associates, Financial Publishers, has tracked the nation's mortgage market for home buyers, homeowners and industry participants since 1979.
Keith T. Gumbinger, vice president of HSH Associates, is available for interviews about mortgage rate trends and associated market conditions. To interview Keith, please call 973-617-8700.
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