Mortgage rates?
I keep hearing that mortgage rates will probably remain stable until mid-2008. Have increased since 6.15 to 6.75 in the last 6 weeks. I'm building a house, and will not be able to secure a mortgage rate until probably mid-August. In If "buying" my mortgage rate of 6.75% for $ 750, or should I wait? What are the chances that rates will exceed 7.25% in the next three months?
If you can block that pace at this point to 750.00, my advice would be to do so. Nobody has a crystal ball, but the rates show no signs of fall in the short term. As mentioned above, rates have increased 0.5% over the past two months. Take the bird in the hand. This will give you peace of mind.
Mortgage Applications Fall as Rates Climb
