Is the mortgage interest rate going to continue to rise or is it going to go back down?
Based on my prediction and economic conditions, it will most likely remain steady and fall by anywhere between 0.5% and 1% over the next 6 - 12 months. If there is any rise during this time, it will be very minor - nothing more than 0.40%
Short term is always tough to call, but over the longer term, it is a virtual certainty that they will go up, perhaps dramatically (due to the monetary easing we have seen over the past few years). The Fed has committed to keeping them low through 2012 for what that is worth.
Thanks. I just sold my house, and of course the rates would go up. I guess I better lock in soon or the rate will just get higher.
by aigduke6 years ago
I have a home office. Can I deduct ALL the mortgage interest on my 2010 return?
by Bill Russo7 years ago
Is ther U.S. government going to eliminate the Mortgage Interest Deduction for homeowners?This is the only thing that saves me from having to pay the IRS. If I lose this, it will be very costly.
by Cindy Murdoch6 years ago
Obviously there is no traffic since it is not published. And is it beneficial to let them sit and hibernate until their numbers are really up before publishing?
by Ralph Deeds7 years ago
I just refinanced my home mortgage today--4% for 15 years. Closing costs around $1,900. This is the lowest interest rate in 50 or so years.
by ptosis5 months ago
More than 400 millionaires and billionaires asks Congress not to pass a bill that "further exacerbates inequality." It also says the tax bill should not add to the country's debt.Republicans are “saying we...
by Alex Frias7 years ago
The APR can probably be the most confusing number tagged to a loan. The APR or the Annual Percentage Rate, is actually a simplified effort to show you that the finance related charges are rolled into the loan. The APR...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.