Watching Mortgage Rate Trends
Thousands of our individual
users have saved up to tens of thousands of dollars using our rate watch
newsletter and rate drop anticipatory techniques. Although there is no guaranteed
method to predict rate fluctuations one can become better prepared to scoop up
attractive refinance rates when watching out for key economic changes and market
What factors enable a rate shopper to
anticipate a rate drop? How do you predict when rates will rise of fall as
well as the most likely percentage adjustment? A number of
factors come in to play that can impact rate increases or a significant
drop in rate.
Equity Market Conditions
As negative news reports regarding corporations pour in from the media
throughout the day, investors seeking safe havens tend sell off stock
shares in order to put money into something more secure such as Treasury
bonds. If the equity markets are in the green, mortgage rates are less
likely to rise. On the other hand if the equity market drops deep into
negative territory for several days, rate shoppers can expect rates to
drop or at the very least remain at present levels.
Bond market strength usually impacts rate drops to lower levels.
Usually the Treasury trading is mixed. Some are
trading up in prices and thus, because they move in the
opposite direction of the prices, down in yields.
Others trade down in prices and thus up in yields.
The movement will influence a number of
lenders to moderately increase or decrease their mortgage rates
depending on yield figures.
Economic Reports in the housing market, consumer confidence,
employment and unemployment rates, retail, factory and personal income
reports weigh heavily on stock market activity. A streak of significant
market losses will likely impact rates causing lenders to lower the rates
them over time.
Housing market reports can impact rates for the better allowing rates
to maintain current levels or at the least contribute to smaller rises or
A lower than expected consumer confidence report can weaken equity
markets, strengthen the bond market and thus cause rates to drop.
Open Committee Conference Board Address
If inflationary factors are not evident this can make a Fed rate hike
Employment GDP And Other Reports
The results of the Employment, Factory Orders and Personal Income
reports as well as the GDP release are the most important reports reports
for rate watchers. These reports have an almost direct impact on market
activity. Positive reports can either hold rates at current levels or a
steep plunge in market gains and thus cause significant rate drops.
Considering that today's rates are at historic 40
year lows, consumers looking for a good deal on a rate should apply for
rate quotes at lending marketplaces now. Have lenders compete for
your business and negotiate your best rate with such rate lock programs as
Float-downs, or Rate Re-lock-ins or Long Term Rate Locks that allow for
locks as long as 60 days or more.
Your Savings Needs
Check Natl. Rates
Apply for Rate Quotes
Compare Rate Quotes
Calculate Rate Quotes According To savings Needs
Accept Best Quote and Loan Program
Rate Are Low. Is Now A Good Time To Refinance?
When interest rates fall, a homeowner should definitely call a
lender about refinancing, but he or she should discuss their entire
financial situation and goals before making any final decision.
goal to lower your monthly payment? Consolidate debts? Get cash out for
large purchases? Change your interest deduction expense for your taxes?
After Applying for a refinance quote ask
the lender offering
best rates to provide a couple of refinancing scenarios for you,
showing how your loan term length, monthly payment and your total interest
expense on the loan will change.
After looking at these scenarios, it will
be clear whether or not you should refinance.
to 50% Savings!
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