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Contributed by mm | March 9, 2006 2:19 PM PST
Most of Bankrate.com panelists expect mortgage rate to keep going up. The best rate for no-point 5/1 ARM at Bankrate is 4.875% now, and this is way higher than the 3.50% I locked when I refinanced in 2004. (Nevertheless I sold my property in late 2005 so the ultra-favorable rate no longer exists.)
From Bankrate.com:
No matter what the Federal Reserve does, I expect mortgage rates to go up. If the Fed raises short-term rates March 28 and hints that it will raise rates again May 10, that will gradually boost rates across the board. If the Fed leads investors to believe that it won't raise rates again May 10, the market will worry about inflation, and in reaction, mortgage rates will rise. Often a big jump in rates is followed by a smaller decrease. That might happen here, but it won't be much of a decrease, and it won't linger.
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Some Finding Perils in Online Real Estate (March 12, 2006)
Online car shopping is already too much for me, not to mention online real estate flipping. How one dares to buy a house without looking at it in his own eyes is really beyond me.
Bubble-lusions (August 28, 2005)
Even a hot market cannot guarantee financial success of realtors and here is why.
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