 |
 |
Interest rate prediction
 E-mail Friend
 Printer Friendly
June 27, 2005 LOS ANGELES -- Last week showed a bit of
interest rate fluctuation for home loans,
but ended at "par" you might say. We saw a minuscule decrease at the end of last
week in 30-year fixed
interest rates.
It appears that although the
Federal Reserve doesn't have a full
dance card where economic releases are concerned, there is some data to be
divulged. The Fed's open market committee meeting will happen on Thursday, so if
we see much of a change in mortgage rates
it will be late that day or on Friday morning.
All Fed talk aside, I believe the home loan interest rate
trend will stay much the same as it did last week.
Many bond market traders are expecting the Federal Reserve to
raise interest rates again this Thursday, but much of the buzz is just
speculative. At the close of the meeting Thursday the Alan Greenspan, chairman,
will denote the Fed's position on increasing rates throughout the remainder of
the year in harmony with the promise they made one year prior.
At any rate, I predict rates will
stay at an even keel or, perhaps, drop a slight amount earlier in the week.
Perhaps adjustable rates and
jumbo home loan rates will move a bit, but
don't expect too much. - Article by
Stockton Marquette
for CMR Home Loans.
Mortgage quote form selections:
Home
purchase loan
pre-qualification |
15-year fixed interest rate |
30 year fixed interest rate |
5/1 adjustable rate |
3/1 adjustable
rate |
15-year fixed rate jumbo |
20-year fixed rate jumbo |
30-year fixed rate jumbo |
Jumbo 5-1 variable rate |
Jumbo 3-1 variable rate.
|
 |
|
|
|
|
