Just when the economic recovery in the U.S. seemed to be gaining traction, along came the Euro-zone debt crisis, providing a number of new challenges to recovery.
Pompton Plains, NJ (PRWEB) May 24, 2010
HSH.com released today its latest Two-Month Forecast for mortgage rates. Homeowners and potential home buyers should take note.
Despite the end of special supports for them, mortgage rates are still low. A weak economy and global credit market issues are serving to keep mortgage rates down, but how long can they remain near record lows?
"It's an uncertain time for credit markets," noted Keith Gumbinger, HSH.com's vice president. "Just when the economic recovery in the U.S. seemed to be gaining traction, along came the Euro-zone debt crisis, providing a number of new challenges to recovery."
Investors moving from riskier assets into safer ones work to the benefit of home buyers and refinancers, who have again seen rates fall to near-record-low levels.
The latest Two-Month Forecast can be found at HSH.com. The mortgage rate forecast is accompanied by both a recap of the previous period and a discussion about the influences on mortgage rates in the coming months.
Two-Month Forecasts have been issued by HSH for almost 10 years, and previous editions dating back to 2004 can also be found at the site.
"Almost every forecast period brings new twists and turns," said Gumbinger, "but our track record of accuracy has been pretty fair over the years."
HSH has tracked the nation's mortgage market for home buyers, homeowners and industry participants since 1979, and its website, HSH.com, is among the Internet's leading portals for financial information and expertise. HSH's deep and broad surveys of rates and terms for first mortgages, home equity loans, home equity lines of credit and other consumer loans have been conducted on a weekly basis for as long as 30 years, and the company has long been an authoritative source for current loan pricing information.
For further information, please contact:
Keith T. Gumbinger, Vice President
Binger (at) hsh (dot) com