April 14, 2024


Mad about real estate

2009 – 2010 mortgage interest rates – Forecasts, trends and forecasts

Here are my predictions, mortgage rates, trends and forecasts for the remainder of 2009 and several months in 2010. If the owner receives the lowest interest rate, save, may be as much money as possible. Refinance mortgage loan modification for housing on the rise, many homeowners will benefit from the fact that an idea of what to expect interest rates. Here are my predictions and how it works:


“In the current 5.19{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} average interest rate for a typical family,and a fixed interest rate of 30 years.

Mortgage rates are as low as 4.69{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} for the claim earlier this year.

“My expectation is that in October of this year, 2009, low mortgage interest rates from 5.19{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} to lowest level of 4.69{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} for a loan at a fixed rate of 30 years of origin.

So I think that mortgage rates will fall to 4.69? I think the only reason that mortgage rates to 5{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} at the current rate of 5.19{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} from creditors and the banks are overwhelmed by the amountof homeowners looking to take advantage of the low interest rates, and the Governments mortgage bailout plan. The combination of these two things quickly drew the interest of millions of homeowners who applied for a mortgage refinancing or modification.

My predictions reflect the fact that I think that around October of this year, 2009, the mortgage lenders and banks will be caught up with the existing home loan modification and refinancing applications. At this point, they will be looking for a new wave of homeowners who need a mortgage more affordable. Interest rates, I predict, will be at its lowest point, before the refinancing interest mortgages and home loan modification reduced.

If an owner can, you should wait a bit ‘to see if mortgage rates slightly lower. However, if your house is in danger of losing or mortgage foreclosure, act now.