Conventional mortgage rates are currently 4.75% and people are still waiting for them to drop that last quarter point…THAT IS CRAZY!
There is SO much risk of mortgage rates popping back up to the 5.5%-6% range, if the US Treasury reverses course and stops buying mortgage-backed securities. On a straight risk/reward analysis, holding out for that last quarter percent while the risk of a full percentage point spike is NUTS.
My RadioMortgage.net partner, Sean Purcell, was busy writing the draft of our new book so I was the guest on Radio Mortgage. Rebecca Levinson, a real estate marketing consultant in Milwaukee, hosted Radio Mortgage and asked me:
Listen to my answers in this 12 minute podcast, hosted by Rebecca.
PS: Expect to hear Rebecca a whole bunch more on Radio Mortgage.
Last 5 posts in Mortgage Rates
- A Kick in the Stomach? by the Fed? - November 5th, 2009
- So... What did the Fed do? - November 4th, 2009
- Home Refinancers Save $3 Billion - November 2nd, 2009
- So, How's the Mortgage Market Today? - October 29th, 2009
- RateWatch October 28 - Sustainable? Depends on what you mean. - October 28th, 2009
- Stumble it!
- Categories: Mortgage Rates
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Mortgage Rates Fluctuating, But Staying Near 5.00% | Zillow® Blog
[...] One of the brokers who blogs on Mortgages Unzipped said last week that waiting for rates to drop any further might not be the best bet. Check out his blog post here. [...]