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New Mortgage Rate Forecast at HSH.com
New Mortgage Rate Forecast at HSH.com
Pompton Plains, NJ (PRWEB) May 24, 2010
HSH.com released today its latest Two-Month Forecast for mortgage rates. Homeowners and potential home buyers should take note.
Despite the end of special supports for them, mortgage rates are still low. A weak economy and global credit market issues are serving to keep mortgage rates down, but how long can they remain near record lows?
“It’s an uncertain time for credit markets,” noted Keith Gumbinger, HSH.com’s vice president. “Just when the economic recovery in the U.S. seemed to be gaining traction, along came the Euro-zone debt crisis, providing a number of new challenges to recovery.”
Investors moving from riskier assets into safer ones work to the benefit of home buyers and refinancers, who have again seen rates fall to near-record-low le Read more text
New Two-Month Mortgage Rate Forecast at HSH.com
New Two-Month Mortgage Rate Forecast at HSH.com
Pompton Plains, NJ (PRWEB) July 26, 2010
HSH.com released today its latest Two-Month Forecast for mortgage rates. Homeowners and potential home buyers should take note.
“Record-low mortgage rates won’t last forever,” noted Keith Gumbinger, HSH.com’s vice president, “but summer 2010 may produce the lowest of the low, with rates holding at 50-plus-year bottoms.”
A poor economic climate and troubles in eurozone economies are serving to keep rates low, but Gumbinger warned, “All crises–with its beneficial and detrimental effects on mortgage rates and the housing market–will come to an end at some point.” Gumbinger said the only question was how quickly that change is coming.
Low mortgage rates are providing important supports for the housing market and cr Read more text
