Tuesday, January 12, 2010 - Article by: Jason - Prospect Home Finance -
Prospect Financial Group, Inc.
Jason Vondrak- Branch Manager
jvondrak@prospectfgi.com
Prospect Financial Group, Inc.
Call Today for a Rate Quote!
With the increase of government spending, inflation is expected to rise which may mean higher rates to come.
Mortgage rates are expected to remain favorable through 2010 with rates being their lowest in the earlier part of the year. Below are three factors that are expected to affect mortgage rates as the year goes on.
Federal mortgage support programs will end The Federal Reserve's $1.25 trillion program to purchase mortgage-backed securities is scheduled to end March 31st. Experts predict a moderate increase in interest rates will follow.
The homebuyer tax credit program expires April 30th. This will likely cause an increase of sales during the months leading up to the expiration date, which may nudge interest rates higher during that period.
The U.S. economy is expected to continue improving throughout 2010. Inflation is not expected to be a major issue, however there may be periods of "inflation concerns" that would cause interest rates to increase at times.
"How few there are who have courage enough to own their faults, or resolution enough to mend them."
- Benjamin Franklin, statesman / Born: January 17, 1706
"Do something wonderful, people may imitate it."
- Albert Schweitzer, humanitarian / Born: January 14, 1875</span>
"I'd rather be a failure at something I love than a success at something I hate."
-George Burns, comedian, actor / Born: January 20, 1896
Your endorsement is the greatest compliment you can give.
Providing a valuable and trusted mortgage service is top priority. If you feel you've received a high level of service, it would
be greatly appreciated if you share your experience with friends, co-workers, relatives or anyone else who may be in need of mortgage services.
Furthermore, if you ever have any questions, always feel free to call.
Thank you. Your business is appreciated.
This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.
Didn't find the answer you wanted? Ask one of your own.
Ask our community a question.
Featured Lenders
RBS Citizens
Clifton Park, NY