|
Any Idea How Low Mortgage Refinance Rates Expected To Drop.? |
| Answer: The Fed Funds Futures are pricing in another 1/2 with respect to make an effort to rate cut by December. It could happen by the end of November. I don't know for tried if this will happen, but that is the current prediction. |
Low mortgage
Mortgage rates at the drop of a hat dropped below 6 percent and stayed there through 2009. They dipped below 5 percent last spring, and then hit an all-while low of
Low mortgage rates have spurred many homeowners to take drop and refinance. The 30-year fixed-rate mortgage has been hovering between 4.7 and 5.0
McBride says borrowers with any quintessence of adjustable-rate mortgage, regardless of the index, should refinance into a fixed-gauge loan.