I was hoping to hear from you mortgage guys about interest rates.  I am actually considering refinancing my property this year if interest rates become attractive enough.  Should the Federal Reserve cut rates tomorrow as anticipated, do you think the rates will fall further?  I realize they are not directly tied together but they do tend to mimic one another.

 

 

 

 

 

 

  

 

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4 Comments on Interest rates.

JAN
29
2008

John, While rates are low now they are really volital.  I would be patience on a refi unless you need to do something for a specific reason.   Once rate are steady for a week or so is time to get serious.  Also, typically when the fed cuts rate we see an increase in stock activity.  Thus, a decrease in bonds.  While I was a financial planner this was good for rate but, in the mortgage business interest rate tend to inversely parallel bonds.  So, if bonds are down rates go up.  I hope that helps.
3:43pm • #1
495,391 Points Outside Blog Called Shot Master
John, my thought is if your not taken cash out just adjusting rate and term I would consider. I have thought of it myself. I only owe on my personal mortgage 13 years. If I could reduce the note with a refi, and the years I will do it. Right now I will keep watching really close.
4:56pm • #2
JAN
30
2008
 I agree.   The faster the better.  I plan on doing the same, here fairly quickly.  I hope to hear great reports on it in your blog.  Lu
12:45pm • #3
Rates dropped again!! good time to refi
2:36pm • #4


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John Walters (Licensed in Louisiana) (Frank Rubi Real Estate) Rainmaker_large

John Walters (Licensed in Louisiana)

Slidell, LA

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Frank Rubi Real Estate

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