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DO YOU THINK THE CENTRAL BANK WILL DROP INTEREST RATES ON SEPT 18 AND BY HOW MUCH?

November 15th, 2009 | central mortgage bank

How do we consider it will start 30-year debt rates. we need to close my seductiveness rate upon or prior to Sept. 18. Should we do it prior to Sept. eighteen or wait for as well as see what happends upon which day. Thank you.

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6 comments ↓

#1 bigtyme352 on 11.15.09 at 10:24 pm

i think they are going to drop wait and see what happens on that date though.

#2 khottmann on 11.15.09 at 11:03 pm

Its an election year, which could mean added interest to reduce the rate to make voters happy.

The economy is in good condition. If they reduce the rate, it will not be by that much because as a nation, we want to avoid a recession, we also want to avoid an inflationary market as well.

Lock your rate in a 45 day lock(regardless of which program you choose, your lender has to lock your rate in for 45 days,so that if the rate drops you get that rate, if the rate increases, your rate will not go any higher that the quoted rate) no pre-pay. Even if they change the rate on the 18th, it will take up to 6 months for consumers to see a change.

#3 Big Bully on 11.15.09 at 11:38 pm

Nope, I don’t think there will be a rate drop, what needs to happen is these home builders and sellers need to lower there prices.

#4 dragonfire on 11.15.09 at 11:42 pm

no rate drop
but an slight increase
their quote ” the trouble in the mortgage industry will have a slight effect on the economy ”
ahh yeah right
can you say recession is imminent?

#5 CreditAlignment.com on 11.16.09 at 12:24 am

the rate drop doesnt affect mortgage rates.

mortgage rates are affected by the 10yr bond notes.

the bond notes have been dropping by a lot!!!

rates have been going down significantly

#6 glenn on 11.16.09 at 12:33 am

The Fed will be looking at a very short term interest rate only. That is not the same as a mortgage rate.

The money that you borrow to buy a home comes from investors that mainly worry about long term inflation. If the Fed drops interest rates and that makes these investors believe that inflation will return within a couple of years then it could actually cause your mortgage rate to go up! If the Fed raises rates and that makes the investors think inflation will never return then mortgage rates could go down!

Most likely what ever the Fed does it will not change the mortgage rate.