No one has a crystal ball, and there's not any real market moving financial news expected to be released tomorrow, only the "Job's Opening" report which is generally not a market mover.. so it's really anyone's guess.. today has been mostly flat, and yesterday was a big selloff, so it's possible we might see a slight rebound from Wednesday's selloff.. but regardless of what happens, the market shouldn't make any huge moves where it would seriously affect mortgage rates.. if your happy with what you have now, you should lock in and stop worrying.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
If I knew for sure, I could retire... William is correct, not much major news expected that would move rates but this week they are up from last week/or earlier this week.
Voting on this site says rates will go down.
Hold on... Let me check my crystal ball... Hmmm... No answer.... That is because no one knows. There are many variables that factor what rates may or may not do. Then even if we look at what reports and information is supposed to come out that may effect rates, something may appear out of left field to throw it a different direction. My advice is to not be piggy. Pigs get slaughtered at the market.
Unfortunately there is no way to know for sure. And who uses crystal balls anymore?I use the time tested Magic 8 ball and appropriately it says "can't say now."
Probably up. The more talk there is about the eventual reduction in the Feds buying Mortgage backed securities the more skittish investors become. That usually creates an upward pressure on rates. GO ahead and lock and stop worrying. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950
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