How high will the rates go?

How high will rates go? To the moon, Alice. Did you miss the great rates? No. Did you miss a 3.00% 30 year fixed? Probably. I would expect rates to hover near the 4% mark for some time. That said, stop hanging around the sidelines. Now is the time to jump in and get your deal done. ~ 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 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

That's the million dollar question. No one can say with any certainty what rates will do and when. We all make some well educated guesses, however there are so many variables which impact rates its impossible to say. However to answer your question regarding rates being in the 3's, depending on the particulars for your scenario your rate today can still be in the 3's, even after the major increases seen over the last few weeks. If you would like to speak about your specific needs, please feel free to call me at 949-478-3863 or visit my website at www.ThinkJohnAJr.com where you can directly request your personalized rate quote.

That my friend is a loaded 3-dimensional question. Can you buy more house with a 3% interest rate than a 4% interest rate - of course!!! When people refinance nationally in some form or fashion, every 2.84 years, and for a while Californians beat that number coming in at 2.40 years. Then the % rate isn't as important as you might think. You might be lowering your % rate, or adding on to your home, or taking out a HELOC (home equity line of credit) to pay for kids college, or switching loan programs. I just refinanced a really good friend of mine for the 4th time since I have known him, since 2006. So 4x in 7 years. From 6.25%, to 5.50%, to 4.50%, and now he switched from a 30 year to a 15 year at 2.875% when he got promoted. Balance is the key - it is ALL about = "The right loan program, for the right person, at the right time in their life." Are YOU buying Stephen? Click on my profile, and then drop me an email - let's talk! 512-381-4643. Thanks...Jeff

Yes, you missed out. A lot of people did ... they kept waiting for interest rates to go lower, trying to catch the bottom, and they missed out.

Is 5% high? That is very low. 7% has been the normal

NO body knows if they will come down, but everyone expects them to keep going up. Regardless of that, they are still at 4%. In a year they could be at 5% and then you'll be wondering why you didn't do something when they were at 4%.

Rates are certainly on their way up. There's still a ton of volatility in the markets so who knows if we'll see a significant decline in rates, if we do it'll probably last for a matter of days at best so it's likely a fools bet to wait it out & see. If it makes sense to refinance now you'd better do so, if rates continue their meteoric rise like they have over the last month you may not see any tangible benefit in the coming months. Take advantage because the market is correcting itself so don't be surprised to see rates in 5's in the near future.

Rates Are still low. You may want to consider a 15 yr. or 20 yr. fixed.

I posted on my Blog about this weeks rates. www.MortgagesforAmericaBlog.com

Miss the 3's...??? I'm confused.. Rates are still in the high 3's. Do you mean the low 3's?? Then yes, in my humble opinion, you missed the boat. No one knows for sure, but this is why I always tell people that catching the exact bottom of the market is put dumb luck. Looking in a great rate near the bottom of the market is super easy if you just stop being a gambler and "holding out" for the bottom. If you want to gamble, go to Vegas. If you want a great mortgage rate, lock now and be happy. www.JoeMetzler.com/rateinfo.htm

Rates are still in the 3's....just not the low 3's. How high rates will go is anyone's guess but if you look at rates in a historical context, THEY ARE STILL LOW...EVERYONE has gotten spoiled with the HISTORICALLY low rates we have seen over the last year or so. However, if I told you 2 years ago you could get a rate below 4% on a 30 fixed, you would have grabbed it without thinking twice. Now that we are ALL spoiled, we THINK the current rate environment is bad when it isn't. I am advising ALL my borrowers to pull the trigger and lock in current rates NOW because there is no telling how long rates will continue moving higher and how high they will go...BETTER SAFE THAN SORRY.

It is expected that rates will continue to rise as the economy continues to improve. While you may not be able to secure an interest rate in the low 3's, you can still lock in a rate around the 4 percent range, which is still extremely low in comparison to what interest rates have been in the past.

Stephen -- as noted by others there are still some programs that might allow you to do a loan in the three range yet. However, most are in the low 4's. How high will they go? It depends on the time frame -- in the near future (next couple/several months) they will probably be mainly in the 4's. They could go all the way back up into the teens, as they did during Jimmy Carter's presidency, though no one is expecting that in the foreseeable future.That said traditionally home loans have been in the 6's and 7's so anything in the 4's is still a fantastic deal, especially looking at the loan amounts in your area.

Volatility...volatility...volatility! Rates rise quickly and come down pretty slowly. It looks like we will never hit thebottom line rate pricing we did on occasion for a short time in the past several months or so. However, as positive information on a gradually improving economy, there seems to be occasionally enoughnegatives to stop or slow the upward trend. If the average rate for a conforming 30 year fixed is at 4.125% todaybased on most lenders and reasonable costs, then you might just find someone who breaks the 4.0% barrier but at cost! I know I had a 3.990% at no points and 4.098 APR. Sometimes it is fleeting...when their is a oneday dip before rising again! I watch the professional mortgage consultant's daily blog on market movers to lock by!

For wholesale interest rates, check www.MortgageWholesale.com. They will search their lender network andfind you the lowest rate available in the marketplace based upon your criteria and specific info.

The Rates dropped today for the better give us a call. 714-881-5970 http://www.uwlending.com