marketwatch.com — Mortgage rates fell in the week ending Thursday, breaking a string of four straight increases. June's unemployment figures aided the shift, as well as the anticipation that the Federal Reserve only has one more rate hike left.
Jul 14, 2006 View in Crawl 4
scriabinop23Jul 15, 2006
fed rates and energy prices have more to do with this than anything.the only way the economy gets a second wind is if oil gets cheap.In other words ... not gonna happen.
dcmacheadJul 15, 2006
Short rates from the post-9/11 rate cut cycle are still considerably higher than they were several years ago. A lot of people erroneously look at 10-year mortgage rates, which have traditionally been the benchmark off which 30-year mortgages aren't the primary means of financing property purchases in the "hot" (or formerly hot) markets for a long while. Bottom line, lower 30-year mortgage rates aren't going to do a thing to stem the coming decline of real estate because short-rates are the ones that got the market to where it was (in my humble opinion, of course).