« Los Prestamos en Estados Unidos | Bienes Raices | Las Hipotecas Revertidas para Ancianos » | Hipotecas
Declining Mortgage Refinancing Index
Refinance Mortgage Loan - Home Equity Loan Options - Reverse Mortgages
Rising interest rates are causing a drop in mortgage refinancing, reversing a an upward trend started earlier this year. An upward march of U.S. Treasury yields are causing today’s mortgage rates to rise quickly, killing the recent mortgage refinance boom that was brought on my lower rates.
10 year U.S Treasury rates are nearing four percent today, a range not seen since October of last year, a sharp movement up since the low of around two percent in late December.
The Mortgage Bankers Association released their weekly survey showing the mortgage refinancing index declined 11.8 and their Market Composite Index which measures mortgage applications decreased 7.2 percent.
The Federal Reserve, the U.S. Treasury and the Obama administration have been trying to keep mortgage rates low to put a floor on the housing market, but their programs are starting to have the opposite effect and starting to drive current mortgage rates higher. Mortgage rate forecast is for even higher rates in the future.
Hipotecas Prestamos Junio 22, 2009 03:24 PM | Proceso de Prestamos | La Compra de Una Casa | Comprar Casas Embargadas