Profile picture for meyertown24

Will rates go up or down in next month?

I am looking in to Refinance within this next month. Should i wait and see if rates drop lower, or Refi now? Thanks for all help.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 03 2009 - Santa Fe
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (5)

Profile picture for Mr Caveat
up

the great mendzini has spoken...

seriously its a guess, but i would say that rates will continue up for 3 more months at least. probably no more than 9 though.

just slightly up and with a lot of choppy days.



  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 03 2009
The new HERA regulation that went in effect on 7/30 will delay fundings by a minimum of 3 days. This may be extemely costly to lenders. I expect additional fees or increased fees on the horizon. Rates will probably move as they have in the past couple of months. ... Best wishes, Rudi Hofmann 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 03 2009
Will rates go up or down in the next month?  The answer is yes!  Mortgage rates are determined solely by the trading of Mortgage Backed Securities, not ten year Treasuries.  While Treasuries generally correlate with mortgage rates, I have seen many times where they move in opposite directions.  There is no way of knowing with any certainty if rates will make a substantial movement in either direction.  As Spence eludes to, determine the rate and payment you would be happy with, and then lock in a historically low rate!  Good luck.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 03 2009
10-Year T-Bills (perhaps the closest tracker for mortgage rates - but I am not a financial adviser) are forecast to go a little bit lower through September, then rise through Feb, 2010. As mortgage rates are closely tied to bond yields (especially 10-year treasuries) it's possible mortgage rates will fall slightly 'til sometime in September and then start rising slightly for the next several months.

Of course there are other factors influencing the mortgage market, so no one really knows for sure what will happen. My advice is to start the refinance process now. Depending on whether or not you have a home equity loan or second mortgage the process can take 4-8 weeks, so you may not be able to lock in a rate when you start. 

 It's important to remember that mortgage rates are near historical lows so why risk rates going higher? Do the math and see how much difference it would make in your monthly mortgage payment if the rates went up or down an 1/8th or 1/4 point or even a 1/2 point. You may find that the difference is not worth worrying about it.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 03 2009
Up slightly
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 03 2009
 
Related Questions
Will rates go up or down in next month?
Profile picture for NTETS
Latest answer by NTETS
August 03 2009 | 5 answers
  • Asked by meyertown24
  • In Refinance
  • August 03 2009
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. Headquarters Trl, Santa Fe, NM Home For Sale
    Headquarters Trl, Santa Fe, NM 87506

     For Sale: $349,000

    • Beds: 0
    • Sqft: --
    • Baths: --
    • Lot: --
  2. 1930 Hopi Rd, Santa Fe, NM Home For Sale
    1930 Hopi Rd, Santa Fe, NM 87505

     For Sale: $215,000

    • Beds: 2
    • Sqft: --
    • Baths: 1.0
    • Lot: --
  3. 37 Caballo Viejo, Santa Fe, NM Home For Sale
    37 Caballo Viejo, Santa Fe, NM 87508

     For Sale: $349,900

    • Beds: 3
    • Sqft: 1733
    • Baths: 3.0
    • Lot: --
 
 
 
Sign in with Google