Predicted Mortgage Rates?

There is a little research you can do give you an idea where home prices are going in your area.

1. is the sales to listing ratio increasing or staying the same. The higher the ratio the more competitive the market is . The fewer homes on the ,market the higher the bid prices are.

2. Watch for new prjects comming into your area. This means more employment. The city can usually give you a list of upcomming projects. No projects, no employment. . If you have people moving out of your area , lower home prices.

3. If you want to bet on mortgage rates bet on them going up a little. The US goverment is going to have a hard time selling their debt at these interest rates. When your buy garbage debt you what a priemium rate. It will be interesting to watch the next couple of years.

no one knows about the value of your home. Read your note as to the rate. If the top states adjustable then read the note to see just when the change date is. If not so stated or balloon then the note is fixed and the only thing in increase could be escrow impounds for taxes or insurance

No one knows what home values will do - and they vary with area anyway. You should know what the terms of your own loan are.

if you knew these answers,you could become very rich....