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Mike Larson, interest rate and real estate analyst
- "Bond prices have gotten ahead
of themselves, and so have interest rates. I wouldn't be surprised to
see a pop back up to the high 5s on the 30-year in the near term."
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Jeff
Lazerson, Mortgage Grader - "The
mortgage market will continue to improve as home sales continue to be
soft."
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Jim
Sahnger, mortgage consultant -"The
Fed once again lowered federal funds by another half a percent. Expect
that mortgage rates will edge higher as Washington and the Fed are
working to pump up the economy. All this will take its toll on inflation
expectations and this should drive up mortgage rates. If you need to get
a mortgage application in to your lender, do so now." |
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Steven
M. Levitt, vice president of mortgage lending, Guaranteed Rate, Chicago
- "With the stimulus package being implemented, along with the
federal funds rate being cut, long term rates will rise. However, there
is still uncertainty, for long term forecasting, due to buyer
psychology. Lock now, if it makes economical sense." |
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Dick Lepre, senior loan officer, Residential Pacific Mortgage, San
Francisco - "We have seen Treasuries and conforming
mortgage rates move up in the past week for technical reasons. It is my
opinion, based on the techs, that in about four weeks we will hit what
will be the low for the year on the 10-year yield and that conforming
fixed rate mortgages will hit their bottom for 2008 at that time. This
may well be one of those annoyingly brief dips. Loan officers and
borrowers should start the paperwork now." |
About the Rate Trend
Index:
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