10 Year Treasury Rate Pulls Back; Mortgage Rates Stabilizing?
On Wednesday, June 10th, the 10 year treasury rate hit 3.988% before some late day selling. Since then it has been a straight shot down to 3.79%. I had predicted that the resistance level would be 4% but I did not think that it would almost hit the resistance level and then free fall for [...]
Mortgage Rates are Going to be MUCH Higher!
In the mortgage rate predictions column I predicted 5.49% this week, but it is likely that rates are going to be MUCH higher. The 10 year treasury note almost hit 4% just as I predicted before some late selling. Expect to see rates following the treasury note higher. This is VERY bad news for a [...]
Thank You to all the Subprime Blogger Readers
I would like to personally thank all of you who read and contribute to this blog. When I first created Subprime Blogger, I hoped to make Mortgage Rate Predictions and inform readers on the truth about the mortgage and housing market. Way too many people were snowed over with inaccurate facts and media bullshit. I [...]
Mortgage Rates Jump In June to 5.29%
For the last six months I have harped on mortgage rates being down in both my mortgage rate predictions column as well as my mortgage rates forecast. This week, we saw a huge jump in mortgage rates from 4.91% to 5.29% according to the Freddie Mac weekly survey. This is the highest level mortgage rates [...]
Mortgage Rate Predictions and Forecasts
I have recently updated the mortgage rate predictions and mortgage rates forecast pages as they are getting heavily searched on Google now that mortgage rates saw a jump from 4.91% to 5.32%. Please bookmark these pages as this is where I will make my predictions and updates rather than creating new articles each week.
Mortgage Rate Predictions – Rates Lower to Historic Levels?
Mortgage rate predictions are made each week at Subprime Blogger. The predictions are usually made every Monday before Freddie Mac releases the data on Thursday. Mortgage rate predictions have been quite accurate in the last few weeks as I have correctly picked the bounce off of 4.78% and then two weeks later the reversal back [...]
Mortgage Rate Predictions – Rates Drop to 4.82%
Mortgage rate predictions are made each Monday at Subprime Blogger. Every Thursday Freddie Mac produces the mortgage rate survey data so you, the reader, are able to check the accuracy of the predictions. Earlier this week I had the “feeling” that rates would drop without any true reasoning. Just like it is described in the [...]
Mortgage Rate Predictions – Rates Head Lower
Last week was the second straight week of mortgage rate increases, but I see that changing this week. I have nothing to base this on other than intuition but I just feel that the Federal Reserve will start stepping to the plate a little bit more for force rates lower. Obviously they have much more [...]
Mortgage Rate Predictions – Mortgage Rates Continue Higher
Last week I pointed out that the Federal Reserve Bank was easing on the purchases of Mortgage Backed Securities which should cause mortgage rates to see a short term bounce. Well, it looks as if that bounce may last two weeks as rates are likely to head a little bit higher. This is a tough [...]
Mortgage Rate Predictions – Mortgage Rates Predicted Exactly at 4.84%
Verbatim from my mortgage rate prediction article on Monday: Knowing that the Fed scaled back greatly this week, I personally feel this is a week we are likely to see a slight uptick in mortgage rates. Last week’s survey showed overall rates coming in at 4.78% which is one of the lowest readings in history. [...]
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