Subprime Blogger

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Mortgage Rate Predictions Summary

Posted on | February 8, 2009 | No Comments

So far, we at Subprime Blogger have done mortgage rate predictions for four weeks and have been quite successful.  The results are as follows:

January 15
30 Yr Fixed Rate – Predicted 4.96% – Actual 4.96%
15 Yr Fixed Rate – Predicted 4.59% – Actual 4.65%

January 22
30 Yr Fixed Rate – Predicted 5.06% – Actual 5.12%
15 Yr Fixed Rate – Predicted 4.69% – Actual 4.80%

January 29
30 Yr Fixed Rate – Predicted 5.17% – Actual 5.1%
15 Yr Fixed Rate – Predicted 4.78% – Actual 4.8%

February 5
30 Yr Fixed Rate – Predicted 5.02% – Actual 5.25%
15 Yr Fixed Rate – Predicted 4.76% – Actual 4.92%

As you can see, we have done rather well until last week.  Mortgage rates saw a spike as it seems the Republican’s Stimulus Plan for lower rates will not pass.  Make sure to check back in every Monday for our mortgage rate predictions

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