| Many people considering a mortgage refinance should | | | | I think that mortgage rates will rise do to an improved |
| not wait too much longer to do so. That is because | | | | economy, and a better, more stable, housing market. |
| right now interest rates are near all time lows, and I | | | | This means that less people will be losing their homes, |
| predict that will change. Here are my mortgage interest | | | | and property values will stabilize or rise. While the |
| rate predictions for 2010 and how I made them. | | | | recovery may be slow, it will be a recovery. While this |
| I predict that starting in April of 2010, home interest | | | | is good news overall, it is bad news for homeowners |
| rates will start to rise. I think that ultimately, by the end | | | | who are looking to refinance a mortgage. This will lead |
| of 2010, mortgage interest rates will have risen by | | | | to the predicted mortgage rate increase, and cost |
| 1.75%. The increase will be in smaller amounts | | | | anyone looking to refinance more money. This does |
| throughout they year. Expect bi monthly increases of | | | | not mean that refinancing wont be a good move, it just |
| anywhere between .25% and .75%. While this does | | | | means it will be more expensive, regardless of your |
| not seem like an enormous set back if you are | | | | financial situation. |
| planning a refinance, it actually is. This small interest | | | | Homeowners should take action now and refinance a |
| rate increase adds up to a lot of money quickly when | | | | mortgage today at the near record low interest rates. |
| it is applied to a large loan over a long period of time. | | | | Odds are, the longer you wait, the more it will cost you. |
| This will also make mortgage refinancing a not good | | | | Do not wait any longer and take advantage of the |
| deal for some people due to the increased expenses. | | | | offers available now. |