Mortgage Rate Forecast

Here is our mortgage rate forecast for the remainder of 2007:

Short term trend: Down

Long term trend: Down

30-year mortgage rates: will fall to 6.25% by year end.

 

Here is our mortgage rate forecast for 2008:

Short term trend: Down

Longer term trend: Up^

30-year mortgage rates: will fall in first and second quarter, and will start to rise in third and fourth quarter.

 

It is highly recommend that you also visit the First Time Home Buyer Grants page for free assistance with the down payment. This will make it possible for many people to qualify for a first time home buyer loan who wouldn't have qualified without the grant assistance.

Also visit the First Time Home Buyer Programs page for other types of 1st Home Buying assistance.