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Subprime Blogger Correctly Predicts Bounce Back Over 5% in 30 Yr. Fixed Mortgage

Posted on | January 22, 2009 | 1 Comment

At Subprime Blogger, we correctly predicted a bounce in the 30 year fixed rate mortgage; a bounce back over 5%.  Many market mavens were saying that rates were in a free fall, but we disagreed as stated in our weekly mortgage rate predictions.  Actual figures are:

30 Yr Fixed Rate – 5.12% vs. 5.06% predicted – Although we were off .06%, it was still a pretty good guess in our opinion.

15 Yr. Fixed Rate – 4.80% vs. 4.69% predicted – Once again, not a bad prediction with everyone else predicting a decline in rates.

Two weeks in a row Subprime Blogger has been within .1% of the 30 year fixed rate mortgage.  Check back in on Monday to see next week’s mortgage rate predictions.

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One Response to “Subprime Blogger Correctly Predicts Bounce Back Over 5% in 30 Yr. Fixed Mortgage”

  1. » Subprime Blogger » Subprime Blogger Correctly Predicts Bounce Back … » Subprime Mortgage Refinance
    January 22nd, 2009 @ 4:53 pm

    [...] news by unknown « This large fiasco began in the subprime mortgage [...]

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