Do you think the mortgage rates will lower or keep climbing in the near future?

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I got a 2 year fixed loan almost two years ago on my mortgage with money out to clean up credit so I could get a better rate but the rates have rose even higher. Should I lock in now or wait 5 months I have left to see what happens?

Do you think the mortgage rates will lower or keep climbing in the near future?

The average* rate right now for a 30 year fix is 5.95% (with 0.61 points) making a APR of 6.14% and for a 15yr Fixed is 5.65% (0.62 points) making a APR of 5.95%. This is a 5 month low. It is funny intrest rates and gas price drops around election time.

I don't think it will be this low in 5 months so I think you get it fixed. But first speak to a mortgage specialize and try to reduce the points. I vote to lock it in now.

* Check your rate in your City and State

Do you think the mortgage rates will lower or keep climbing in the near future?

Don't count on interest rates going down anytime soon. I would claim the best rate available now. You can always remortgage "if" the rates turn in your favor.

Do you think the mortgage rates will lower or keep climbing in the near future?

We're at the end of a fed cycle. The fed raised the fed funds rate multipe times over the past 2 years or so, and have now held during the recent fed meetings. I expect that Bernanke has over adjusted for inflation and tightened too much. With the housing market bubble bursting rates must be kept down or the economy will really tumble.

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Do you think the mortgage rates will lower or keep climbing in the near future?

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