Are Mortgage Rates Going Up?

[jmrrobbie1]

JMR

If you want a purely analytical & factual based “view” on this look at Bernstein’s site …

http://www.efficientfrontier.com/

A self taught finance guy who really cuts to core analysis. Take at look at his March synopsis … if you have read any of his books you will quickly understand the dire possibilities of our current market environment after reading his March note – “The Dark Side of the Moon”. By the way – his review & history of “bubbles” is great reading too.

My applause too for Pigg’s site … one of the only other sites I follow on a regular basis.

[cr]

Why 3 posts?

http://piggington.com/mortgage_rates_headed_higher

http://piggington.com/where_are_mortgage_rates_going

http://piggington.com/are_mortgage_rates_going_up

To answer your question, they’re higher according to Yahoo, and even though it’s not a direct correlation, you can bet once the Fed raises rates, they’ll go up more.

[cr]

Why 3 posts?

http://piggington.com/mortgage_rates_headed_higher

http://piggington.com/where_are_mortgage_rates_going

http://piggington.com/are_mortgage_rates_going_up

To answer your question, they’re higher according to Yahoo, and even though it’s not a direct correlation, you can bet once the Fed raises rates, they’ll go up more.

[cr]

Why 3 posts?

http://piggington.com/mortgage_rates_headed_higher

http://piggington.com/where_are_mortgage_rates_going

http://piggington.com/are_mortgage_rates_going_up

To answer your question, they’re higher according to Yahoo, and even though it’s not a direct correlation, you can bet once the Fed raises rates, they’ll go up more.

[cr]

Why 3 posts?

http://piggington.com/mortgage_rates_headed_higher

http://piggington.com/where_are_mortgage_rates_going

http://piggington.com/are_mortgage_rates_going_up

To answer your question, they’re higher according to Yahoo, and even though it’s not a direct correlation, you can bet once the Fed raises rates, they’ll go up more.

[cr]

Why 3 posts?

http://piggington.com/mortgage_rates_headed_higher

http://piggington.com/where_are_mortgage_rates_going

http://piggington.com/are_mortgage_rates_going_up

To answer your question, they’re higher according to Yahoo, and even though it’s not a direct correlation, you can bet once the Fed raises rates, they’ll go up more.

[DWCAP]

If I remember right, it was PIMCO’s Gross who said that inflation was a full point higher than reported and that fed treasuries were the most overpriced investment today. Now morgage rates track 10yr treasuries, so if treasuries went from todays ~4% to say 5.5% (1% due to inflation, .5% for some kinda return) then prime rates which typically are 2% higher would be about 7.5%. Jumbos are about a full point higher if not more, would be hitting the 9% area.

I am not saying that would happen now. I kinda think there is still too much money going after too few investments. I think rates will keep bounceing around the 5.75-6.25 range for a long while. But I also think that the bias is up, not down.

[DWCAP]

If I remember right, it was PIMCO’s Gross who said that inflation was a full point higher than reported and that fed treasuries were the most overpriced investment today. Now morgage rates track 10yr treasuries, so if treasuries went from todays ~4% to say 5.5% (1% due to inflation, .5% for some kinda return) then prime rates which typically are 2% higher would be about 7.5%. Jumbos are about a full point higher if not more, would be hitting the 9% area.

I am not saying that would happen now. I kinda think there is still too much money going after too few investments. I think rates will keep bounceing around the 5.75-6.25 range for a long while. But I also think that the bias is up, not down.

[DWCAP]

If I remember right, it was PIMCO’s Gross who said that inflation was a full point higher than reported and that fed treasuries were the most overpriced investment today. Now morgage rates track 10yr treasuries, so if treasuries went from todays ~4% to say 5.5% (1% due to inflation, .5% for some kinda return) then prime rates which typically are 2% higher would be about 7.5%. Jumbos are about a full point higher if not more, would be hitting the 9% area.

I am not saying that would happen now. I kinda think there is still too much money going after too few investments. I think rates will keep bounceing around the 5.75-6.25 range for a long while. But I also think that the bias is up, not down.

[DWCAP]

If I remember right, it was PIMCO’s Gross who said that inflation was a full point higher than reported and that fed treasuries were the most overpriced investment today. Now morgage rates track 10yr treasuries, so if treasuries went from todays ~4% to say 5.5% (1% due to inflation, .5% for some kinda return) then prime rates which typically are 2% higher would be about 7.5%. Jumbos are about a full point higher if not more, would be hitting the 9% area.

I am not saying that would happen now. I kinda think there is still too much money going after too few investments. I think rates will keep bounceing around the 5.75-6.25 range for a long while. But I also think that the bias is up, not down.

[DWCAP]

If I remember right, it was PIMCO’s Gross who said that inflation was a full point higher than reported and that fed treasuries were the most overpriced investment today. Now morgage rates track 10yr treasuries, so if treasuries went from todays ~4% to say 5.5% (1% due to inflation, .5% for some kinda return) then prime rates which typically are 2% higher would be about 7.5%. Jumbos are about a full point higher if not more, would be hitting the 9% area.

I am not saying that would happen now. I kinda think there is still too much money going after too few investments. I think rates will keep bounceing around the 5.75-6.25 range for a long while. But I also think that the bias is up, not down.

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