Thursday, January 10, 2008
Where Are Mortgage Rates Going?
After being in the mortgage business for 15 years, this question never gets boring! The reason, mortgage rates are always changing for various reason's. There is no science or magic graph to predict which direction mortgage rates will be heading. The safe est bet is they go up and they go down. Watch for trends in the financial markets to best gauge how mortgage rates are going to move. The trend right now? Lower mortgage rates are on the way. We have two prediction's of prime rate to be lower by 1.25% for 2008. Watch the markets to see if this will be true.