Mortgage Rates Message Board

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Strategies & Market Trends : Mortgage Rates

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To: Leroyt who wrote (29)	12/12/2001 7:10:04 PM
From: saju chacko	Read Replies (1) of 40

i think we have seen the second to last rate cut. with the prime rate at 4.75%. the next cut in jan 2002 will bring prime to 4.5%. probably a couple months after that prime will go back to 4.75%. if the economy picks up in the second half of 2002, fed will increase rates again (at least 50 bp). watch liquidity. as for the 30 bond, i think the EE bonds are supposed to be some kind of substitute for them. i noticed that after the rate cut prior to this 25 bp cut, mort rates did not go down at all. in fact i think the low was 5.92% and then it went to 6.02% then 6.09% and now at 6.12% on a 15 yr confirming loan. this is some info i have taken from bloomberg.com. Curr. 6 Mon 15 year mortgage 6.12 6.32 30 year mortgage 6.63 6.76 1 year ARM 5.19 5.82 i don't know the accuracy of anything i wrote in this thread, ever. including this one. Saju

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