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Driving up interest rates on new home loans...

Started by Apt_Boy
about 16 years ago
Posts: 675
Member since: Apr 2008
Discussion about
Mortgage Bond Rally May End, Rates Rise as Fed Stops Purchases Share By Jody Shenn Dec. 31 (Bloomberg) -- Mortgage bonds are poised to slump after a record rally as the Federal Reserve’s unprecedented buying of $1.25 trillion of the securities ends as soon as March, driving up interest rates on new home loans.
Response by glamma
about 16 years ago
Posts: 830
Member since: Jun 2009

borrow now or be priced out forever?

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Response by Apt_Boy
about 16 years ago
Posts: 675
Member since: Apr 2008

Buy now if your time horizon is 10 years. Otherwise wait, pay a lower purchase, but with a higer mortgage rate. Then refinance in 5 years when rates may be better or worse case pay down your mortgage aggressively.

You can allows adjust your borrowing costs after closing, you can never adjust your purchase price.

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