What is the outlook of the mortgage market considering the way the fiscal cliff was resolved?

Well, for right this minute, the rates have increased about .125%-.250% across the board as the 10 year bond market is now up over the 1.85% mark....it had been under 1.50% for a long time during 2012 and around 1.60 as recently as a week ago....either way, rates are still very attractive and many parts of the country are seeing a nice rebound in purchase sales, with many many homes actually closing in the country as a whole... these loans are mostly first time buyers entering the market and a major uptick in Veterans Administration loans as our heroes return from their assignments...all in all I think most indusrty leaders think 2013 will be better than 2012 which was better than 2011, if you catch my drift.

No change. Rates will remain low for the foreseeable future. The fiscal slope resolved or otherwise will have minimal impact. It is the decisions of the Federal reserve and their continued use of Quantative Easing that will determine if rates remain low of move higher in the near term. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

In the short term, rates have gone up, but as Bert said.. They will come back down and should stay low for a while.. 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

No major changes.

Right now we are going through slight increases in rates due to finally resolving at least part of the fiscal cliffissue. Investors choose to invest often based on how they are affected by recent economic news. If itseems positive, as solving the fiscal cliff concerns, more investment dollars flow to investing in stocks andinvestments that they feel will give better returns with minimal risk. Thus, we see investment dollars flowingout of treasury bonds and mortgage backed securities. Treasury bonds and mortgage backed securities areviewed as safer investments, and we expect more dollars to flow from investment in stocks to those investments againthe first major negative economic news that comes out. Note we have been at an unprecedented time with mortgage ratesgetting to the low "3s" for a 30 yr. fixed. So even though slightly higher now, they are very low.We can not count on rates remaining so low. However, there is always the chance this upswing istemporary and we continue to go down & then up a little. Never count on it though, as we could go up a few eighthsnever to come back lower again. No one really knows for sure.

As Steve Mentioned above the rates have jumped up the last couple of days, they are expected to come back down but nobody can predict the future. If you are thinking of doing something do it now while we have low rates.

Like stated above, there are no major changes at this point. There has been a slight increase in rates, but the Federal Reserve's QE3 is predicted to continue to keep rates low for some time.

KISS - Keep it simple stupid. No change. Rates will remain low for the foreseeable future. That's a for sure thing. AA