Daniel,
You seem like the man to ask a question I have.
Relative to other factors how much does simple supply and demand affect mortgage rates? We have recession and very little buying. Most conservative people who have mortgages are locked into pretty good terms. On the other hand there is supposedly a credit crunch which may just be more of what davelj(pigg regular) called a ” shitty asset crisis” or something like that.
The idea kind of floats around here that rates going up will drive prices down further I am wondering if demand for mortgage money as houses fall and when the economic outlook improves doesn’t have a counter effect to that notion in a relative way of course, dependent on other variables perhaps?
