Unzipped Mortgage Rates Report: December 22, 2008
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:
PS: Expect to hear Rebecca a whole bunch more on Radio Mortgage.