The economy has solidified and lower mortgage rates may not last for much longer.
Foster City, CA (PRWEB) April 4, 2011
"The economy has solidified and is showing resilience to external political and economic forces,” said Keith Gumbinger, vice president of HSH.com, “and the lower mortgage rates which resulted from those troubles may not last for much longer."
However, unsteady economic trends and new regulations mean uncertain times are ahead for the mortgage market.
"There are opposing forces at work at the moment, working to move growth higher or temper it, or trends which might foster inflation being offset by those keeping prices low. At the same time, new rules are coming into play in the mortgage market which may permanently add to mortgage costs," notes Gumbinger. "All these mixed together will make for a very interesting spring in the housing and mortgage markets.”
The current Two-Month Forecast for mortgage rates is accompanied by discussion of present and expected market conditions and includes a recap of the previous forecast and can be found at http://www.hsh.com/2month4cast.html.
HSH has been issuing its Two-Month Mortgage Rate Forecast for almost ten years. Forecasts dating back to 2004 are available on HSH.com.
HSH.com has tracked the nation's mortgage market for homebuyers, homeowners and industry participants since 1979. HSH.com's deep and broad surveys of mortgage 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.
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