I am buying a new home. What is the 30 yr fixed rate mortgage forecast for the next month (May-June)?

Posted on Sep 25, 2012 in Unique Loan Programs

A couple of nice castle images I found:

Castle Munot
castle
Image by sailor08
Castle Munot by night in Schaffhausen/Switzerland.

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Castle at Bran
castle
Image by PRDH
Castle exactly where Dracula lived. . . apparently

For far more homes click here…
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Question by ?????: I am buying a new home. What is the 30 yr fixed rate mortgage forecast for the next month (May-June)?

What I am really asking is, information pills does the forecast for interest rates predict a continued drop in mortgage rates for the next 30 days? Trying to decide when to lock in. Thanks

Best answer:

Answer by Tacgnol
I picked up a 5.75% rate. (new mortgage)

Home prices are expected to drop by as much as 10% next month.

Add your own answer in the comments!

4avg.rating 10 votes.

4 Comments

  1. I believe 5?

  2. If anyone knew that for sure, they wouldn’t be hanging around here, they would be on their G4 somewhere. It’s about 6% today. Next month it will be more, less or the same. Of course, there is no such thing as A 30 year fixed mortgage rate. it depends on your financial circumstances and the type and value of the property you might be purchasing.

  3. I got 6% fixed 2 months ago with a credit score of 670.

  4. Rates are good right now but probably won’t get much better. My realtors tell me that activity has picked up a lot, so don’t look for prices to go too much lower, if at all. Thats here in Maryland, though. The market on the east coast is doing a lot better than the desert out west.