Everyone wants to know what’s happening with mortgage loan interest rates. Today, they are at historic lows.
That’s not enough, you say? You want to know what’s happening in the future. You want to know when they will hit rock bottom. You want to know when you can get a better deal than the next guy.
Even industry experts want to know. That’s right; experts don’t have all the answers! In fact, bankrate.com surveyed mortgage and banking analysts to see if they think rates will rise, fall or stay about the same and here is what they found:
“Fifty-two percent of the panelists believe mortgage rates will remain unchanged over the next week, (plus or minus 2 basis points). Twenty-four percent believe rates will rise over the next week or so. Twenty-four percent think rates will fall.”
At Guaranty Mortgage Services, here’s what we DO know. Business is booming! Buyers are scrambling to find the best deals and secure a fixed interest rate to take advantage of what is proving to be the perfect storm for home buyers. We may not have a crystal ball to predict the future, but we do know that if “You Snooze you Lose” contact us to get more information or apply on line. www.guarantymortgage.com