Home › Forums › Closed Forums › Properties or Areas › Are Mortgage Rates Going Up?
- This topic has 25 replies, 5 voices, and was last updated 16 years, 7 months ago by DWCAP.
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May 29, 2008 at 1:09 PM #213659May 29, 2008 at 3:23 PM #213665crParticipant
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.
May 29, 2008 at 3:23 PM #213740crParticipantWhy 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.
May 29, 2008 at 3:23 PM #213820crParticipantWhy 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.
May 29, 2008 at 3:23 PM #213765crParticipantWhy 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.
May 29, 2008 at 3:23 PM #213792crParticipantWhy 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.
May 29, 2008 at 3:44 PM #213837DWCAPParticipantIf 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.
May 29, 2008 at 3:44 PM #213809DWCAPParticipantIf 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.
May 29, 2008 at 3:44 PM #213784DWCAPParticipantIf 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.
May 29, 2008 at 3:44 PM #213756DWCAPParticipantIf 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.
May 29, 2008 at 3:44 PM #213680DWCAPParticipantIf 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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