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To: icwhatudo

Mortgage interest rates decrease when demand for treasuries is high, which decreases the yield. Since they’re dollar denominated, and the dollar has been tanking, demand for treasuries from outside the US should no longer be all that strong, although it has been for several years, helping to fuel the low rate environment, for better or worse. So, I wouldn’t look for a return to those incredibly low rates any time soon. Actually, I’m somewhat surprised that 30 year conventional is still hovering in the high 5% range, for people with good credit and a decent down payment. That’s cheap, historically speaking. Underwriting standards have been tightened too, and with good reason, so the pool of potential buyers or refinances has shrunk.


16 posted on 11/08/2007 6:44:46 AM PST by RegulatorCountry
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To: RegulatorCountry

If you need to buy a house, this is the best time to do so in more than 2 years, rate-wise.


29 posted on 11/08/2007 6:54:12 AM PST by montag813
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To: RegulatorCountry
Underwriting standards have been tightened too, and with good reason, so the pool of potential buyers or refinances has shrunk.

The "demand" has gone down...decreasing the price...

33 posted on 11/08/2007 6:55:00 AM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
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To: RegulatorCountry

Yeah, I bought a house in July, at 6.75 percent (the top, of course). I’m already thinking about a re-fi...with a CR of 840, I expect better rates.


43 posted on 11/08/2007 7:16:49 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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