PRTODAY / NewswireToday Free press release distribution service network

More news: Economy
Written by / Agency / Source: RateEmpire.com

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Economists Expect Mortgage Rates to Hold - Chief economist for Freddie Mac, Frank Nothaft, said in an interview on Monday in Washington that 30-year rates will likely continue to rise in the upcoming months, but shouldn't go past 7%
Economists Expect Mortgage Rates to Hold

 

NewswireToday - /newswire/ - San Marcos, CA, United States, 2006/07/12 - Chief economist for Freddie Mac, Frank Nothaft, said in an interview on Monday in Washington that 30-year rates will likely continue to rise in the upcoming months, but shouldn't go past 7%.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Interest rates for fixed-rate, 30-year home mortgages are likely to hold below 7% for the rest of the year, according to mortgage giant Freddie Mac.

Chief economist for Freddie Mac, Frank Nothaft, said in an interview on Monday in Washington that 30-year rates will likely continue to rise in the upcoming months, but shouldn't go past 7%.

Nothaft said that long-term interest rates could even fall and will probably not hit 7% until the second half of 2007.

Freddie Mac was established by Congress in 1970. The company buys residential mortgages from private lenders and packages and sells them on the securities market. This process replenishes the nation's supply of home loan money.

Interest rates on a 30-year, fixed-rate mortage currently average 6.79%, according to Freddie Mac.

The housing market has been experiencing a slowdown, partly due to the increases in interest rates. Homes are staying on the market longer, and with a larger inventory, some areas are experiencing price stability or depreciation. With houses becoming less costly, more buyers could enter the arena, giving the market a soft landing that experts are looking for.

Michele Joy of KB Homes said that when interest rates are below 7% it is a "great time to buy."

"It's great news for the market," she said. "It's really good for the overall affordability index."

Experts recommend fixed-rate mortgages to most consumers. With a fixed-rate loan, the risk is minimized as monthly payments stay the same throughout the term of the loan. Rising and falling interest rates do not affect the current loan.

With stabilizing interest rates, and the risk of increases still looming, many experts predict that homeowners with adjustable-rate mortgages will refinance for a fixed-rate mortgage.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RateEmpire.com

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Economy articles,
CATCH Visitors via Your Competitors Announcements!


Economists Expect Mortgage Rates to Hold

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Martin Lukac - RateEmpire.com 
info[.]rateempire.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RateEmpire.com securities in any jurisdiction including any other companies listed or named in this release.

Economy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RateEmpire.com / Company Profile


Read Economy Most Recent Related Newswires:

Frost & Sullivan’s IKC Enables Companies to Assess their Financial Performance in Relation to their Peers, based on Top-Bottom Scores
Iran Economy Exhibits Renewed Optimism, Open for Investments Across Industries, Targets Export Markets Notes Frost & Sullivan
Elevated Investment of $55.6 bn in Infrastructure Development Anticipated for Kenya Finds Frost & Sullivan
Industry 4.0 Business Ecosystem to Change Dynamics in the Global Industrial Landscape Finds Frost &Sullivan
Frost & Sullivan Assesses the Investment Climate in India and its Impact on Next-Generation Investors
Frost & Sullivan Launches Malaysia Mega Trends Report in Collaboration with Malaysian Investment Development Authority
Austria’s Government to Pass New Tax Package
Global Leaders Identify Critical Issues to Overcome Economic Development Challenges At the Economic Development Innovation (EDI) Council Meeting
Russian Internet Remains Growth Hotspot in the Country’s Economy Finds Frost & Sullivan
Converging Industries and Smart Cities to Present Market Opportunities Worth $1.5 Trillion by 2020 Says Frost & Sullivan
Business Credit Quality Weakened in August Says WAIN Street Business Default Index
GE to Invest $2 Billion in Africa by 2018
Greenville, South Carolina Names New Executive to Lead Economic Development Efforts
Greenville, SC Economic Development Group Announces Strong Job, Investment Creation for 2013
Greenwood, S.C. Economic Development Group Names Heather Simmons Jones as CEO

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)