Weakness in investment, jobs and manufacturing in Europe, the U.S., Brazil, India and China, Managing Director Lagarde said in a speech in Tokyo that is forcing it to lower its forecasts once again. The IMF has already lowered its U.S. growth estimate ... Real Estate and Mortgage Market Update for Friday 07-08-2012
http://www.remortgage.pannipa.com/2009/12/2009-2010-mortgage-interest-rates-forecasts-trends-and-forecasts/
"In the current 5.19% average interest rate for a typical family,and a fixed interest rate of 30 years.
Mortgage rates are as low as 4.69% for the claim earlier this year.
"My expectation is that in October of this year, 2009, low mortgage interest rates from 5.19% to lowest level of 4.69% for a loan at a fixed rate of 30 years of origin.
So I think that mortgage rates will fall to 4.69? I think the only reason that mortgage rates to 5% at the current rate of 5.19% from creditors and the banks are overwhelmed by the amountof homeowners looking to take advantage of the low interest rates, and the Governments mortgage bailout plan.
The combination of these two things quickly drew the interest of millions of homeowners who applied for a mortgage refinancing or modification. My predictions reflect the fact that I think that around October of this year, 2009, the mortgage lenders and banks will be caught up with the existing home loan modification and refinancing applications.
At this point, they will be looking for a new wave of homeowners who need a mortgage more affordable. Interest rates, I predict, will be at its lowest point, before the refinancing interest mortgages and home loan modification reduced. If an owner can, you should wait a bit 'to see if mortgage rates slightly lower. However, if your house is in danger of losing or mortgage foreclosure, act now.
http://www.remortgage.pannipa.com/2009/12/2009-2010-mortgage-interest-rates-forecasts-trends-and-forecasts/
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