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now that the bail out package looks to pass, what will mortgage rates do?

Update:

why will they rise?

2 Answers

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  • glenn
    Lv 7
    1 decade ago
    Favorite Answer

    Over the long haul investors try to set mortgage rates based on what they believe inflation will be in the future. If you are talking about any specific week- no one can tell because of short term worries or excitement.

    What do you think inflation will be over the next three to five years? Add about 3% to that and that would be a good guess as to the 30 year mortgage rate.

  • CHAR L
    Lv 7
    1 decade ago

    Go through the ROOF

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