OfflineAre interest rate going up or down nationally I couldnot find interest rate statisics anywhere
What kind of maket r we in nationally top and bottom
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Are interest rate going up or down nationally I couldnot find interest rate statisics anywhere
What kind of maket r we in nationally top and bottom
interest rates are in a down trend.
Don't Wish the Past, Create the Future! - DH
Indeed, though keep in mind mortgage interest rates are tied to the bond market, and not directly to Fed actions. When the stock market is rallying, the bond market goes down, and according so do mortgage rates. Generally, Fed cuts cause market rallies, so that is why it when the Fed cuts rates, usually the mortgage rates go down some degree.
I would be looking at the current and coming rates as a good time to lock in a fixed loan, because with the volatility of the stock market the rates could easily jump up a point or more.
how did you come to this conclusion?
Could someone define what is interest rates and how do you know how much to pay?
interest rates on mortgages is the amount you pay to borrow the money along with points, closing costs taxes etc
the amount you pay will be determined on a variety of items as, your credit score and history or lack of-- the better/higher your credit and score , the less amount of interest you pay--the lower score pays more interest and sometimes can't qualify for a loan
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
is the money the banks take from you when you borrow money from them to 'purchase' a property that they own until the loan is paid in full.
You pay as much as the banks want you to pay...
Valerie
Valerie
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