Could it be that short term interests are used by the greedy as an excuse to increase mortgage rates?

March 28th, 2009
mortgage rates
a a asked:


(in reference to my question) Short term interest rates only apply to installment loans such as credit cards, but they do not have any impact on mortgage rates because those are determined by Treasure Bond rates or long-term rates.

Augustine

With Rates Falling At What Point Do I Re-Negotiate My Mortgage?

March 19th, 2009
mortgage rates
Chris O asked:


We have 4 years left on our 5 year term of 5.1%….there is still 208k left on our mortgage, the table looks like we should have it paid off in 18 years.

With rates the way they are, how do I figure out what point it makes sense to pay the penalty and re-negotiate my mortgage rate early of the renewal?

This is a Canadian question, and RBC is the lender if that helps.

Randa

Where can I find the best mortgage rates in Virginia online?

March 18th, 2009
mortgage rates
Jon J asked:


I am looking for an online mortgage lender thats does mortgages in Virginia Beach, VA. Who has the best rates?

Jeanette

Do you think the mortgage rates will lower or keep climbing in the near future?

March 13th, 2009
mortgage rates
mamagirl65 asked:


I got a 2 year fixed loan almost two years ago on my mortgage with money out to clean up credit so I could get a better rate but the rates have rose even higher. Should I lock in now or wait 5 months I have left to see what happens?

Aleida

Effect of an interest rate cut on mortgage rates?

March 10th, 2009
mortgage rates
NickG asked:


The Fed has announced they may cut interest rates in the middle of March. I am currently working on getting a mortgage for a property I will close in mid-April. Should I wait to lock the rate until after the Fed announces the cut?

Brent

How are mortgage interest rates determined?

March 9th, 2009
mortgage rates
Nathan T asked:


What I mean by that is I assume there is a formula which banks use to figure out what mortgage rates to offer a customer based on prime rates, customers credit history, size of mortgage, etc…

Does anyone know how this process works and the specific formula/methodology used?

thanks in advance!

Jannie

Are mortgage rates usually higher on investment properties?

March 7th, 2009
mortgage rates
Lost I asked:


Are mortgage rates usually higher on investment properties. I want to make sure that i’m gettin the right information. Right now if i go onto bankrate the interest rate is 6.27 on a fixed 30 year. My mortgage broker says that on investment properties that they add a point.

The rate I’m getting on on a 30 year fixed on the investment property is 7.5. Is that sounds right or is that too high?

Thanks!!!

Beatrice

Will home mortgage and sales recover when lending rates get down to 3.25 % ?

March 4th, 2009
mortgage rates
Don E asked:


With more people out of work and wage increases stalling,is 2 % to 3.25% mortgage rates possible to start a full recovery by July 2009 ?

Keira

What influences mortgage rates?

February 27th, 2009
mortgage rates
Cala M asked:


I am doing a regression analysis for a finance class, and I want to look at variables that influence or relate to the 30-Year Conventional Mortgage Rate… like interest rates of T-Bills or something.

I just need suggestions on variables that may affect mortgage rates. Thank you!

Vinnie

Does my mortgage rate go down if interest rates are cut?

February 25th, 2009
mortgage rates
STARYDYNAMO asked:


Sorry to ask the shocking stupid question! I am coming to the end of my mortgage term ( end of September) and am wandering if the mortgage rates will go down (currently for at 6.99%). Do you think it will go down by this time? I am in the UK.

Joe