Will mortgage interest rates drop again soon? | TigerDroppings.com

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contrafleaux
LSU Fan
Member since Sep 2008
636 posts

Will mortgage interest rates drop again soon?


I want to refinance, and drug my feet for various reasons several weeks ago. Rates have gone back up. Are they going to drop again in the near future. I would like to be in the 4.5 - 4.8% range, if possible.






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MileHigh
Colorado State Fan
Most likely a mile high
Member since Jan 2004
7920 posts

re: Will mortgage interest rates drop again soon?


no one knows for sure. The 10 year, as LSUputin pointed out, dropped yesterday and today. Yield sits at 3.58 right now, compared to almost 4 last week. So, you would expect rates to drop some (done about 3bp since last week per bankrate).

Who knows to be honest. 5.5 is a great rate if you ask me.






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contrafleaux
LSU Fan
Member since Sep 2008
636 posts

re: Will mortgage interest rates drop again soon?


Thanks for the info.





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756
LSU Fan
Member since Sep 2004
9523 posts

re: Will mortgage interest rates drop again soon?


do it now they are not going to drop again





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80167 posts
 Online 

re: Will mortgage interest rates drop again soon?


quote:

I would like to be in the 4.5 - 4.8% range, if possible.

"No one knows" is the correct answer.....






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tke_swamprat
LSU Fan
Houma, LA
Member since Aug 2004
4399 posts

re: Will mortgage interest rates drop again soon?


Just locked in 5.3% for 40 days. I'm happy with that.





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80167 posts
 Online 

re: Will mortgage interest rates drop again soon?








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DawgyDog
LA-Monroe Fan
RUSTON
Member since Apr 2008
280 posts

re: Will mortgage interest rates drop again soon?


I locked in at 5.0 yesterday!





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80167 posts
 Online 

re: Will mortgage interest rates drop again soon?


quote:

I locked in at 5.0 yesterday!






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tke_swamprat
LSU Fan
Houma, LA
Member since Aug 2004
4399 posts

re: Will mortgage interest rates drop again soon?


Better than the 6% we were estimated.





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