Mortgage Rates

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

People looking to buy (or refi) a home right now have a lot on their side:

- Barnanke buying $600B of US Notes in QE2
- Muslims killing each other in the middle east, scaring up oil prices, creating fear in stability of foreign governments
- Record Earthquake/tsunami/nuclear meltdown crippling Japan
- Moody's cutting socialist Europe bond ratings

I think Michael Moorer and/or Pike should create a cool conspiracy theory out of all this "coincidence".  Not to mention the "smartest president ever" totally aloof and wallowing in incompetence.

[Dugout DickStone]

And?

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Or? 

[Dugout DickStone]

Or? 

What can I expect from mortgage rates?  I am expanding my portfolio by attaining another rental property on the Plaza.  Or maybe I won't.  Depending on your answer.

[pike]

Only thing out of the blue here is the Bernanke illusion and the Fed, per usual. But that's for another thread

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Or? 

What can I expect from mortgage rates?  I am expanding my portfolio by attaining another rental property on the Plaza.  Or maybe I won't.  Depending on your answer.

The irony is that mortgage rates are low, and part of the reason why involves pain and suffering around the globe. 

[06wildcat]

There's also the theory that now or the near future will be the best time to sell since Obama and the Republicans are looking at blowing up government backed mortgages. The housing market is going to be sweet in a decade when all you can get are 15-year adjustable rate mortgages that will be at least 1 to 2 percent above current levels with the same conditions.

[The1BigWillie]

US Court of Appeals denied the stay requested by the NAMB for the new mortgage compensation rules implemented on April 1.  Expect rates and costs to increase across the board due to this legislation.  Thank you Frank and Dodd.