Money Talks

Predictions about mortgage rates? Puh-leeeze ...

Is there any way that mortgage interest rates will be allowed to flow with market pressures?

There is a great article on the Emergency Refinancing site about mortgage rates predictions - it's a must read for every hapless home-owner in the US. Find out why we are in this invidious situation.

Interest rates at at historical lows right now - not since the 60s have we had such a dream run of consistently low mortgage rates. All the mortgage rates predictions are for a rise. Today's mortgage rates can't go on forever.

What will that do to housing affordability and values, when mortgage interest rates start to rise?

Home-owners are already stretched to the limit, with interest rates at historical lows. It would not be unheard-of for interest rates to double within five years, as happened in the 80s.

How would the average American family cope if their house payment doubled?

One of the first steps to refinancing a mortgage is to determine how much you can afford to borrow. How many people stop to ask themselves whether they would cope if that payment doubled?

Of course, mortgage rates predictions don't affect those who don't need to move house or refinance ... yeah, and who is not going to want to do either of those things in the next decade?

Rising interest rates will put further downward pressure on property values, at just exactly the wrong time. Hold on folks - the ride is gonna get bumpy!

More information at Emergency Refinancing, including today's mortgage rates, mortgage rates predictions, and a free mortgage payment calculator.

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