Mortgage Rate Predictions – April 17th – Mortgage Rates Fall to 4.82%

Posted on | April 17, 2009 | 1 Comment

This week mortgage rates gave us a head fake and fell back to 4.82%.  I predicted that rates would rise from 4.87% to 4.92% but with the Fed purchasing over $50 billion in mortgage backed securities rates only have one way to go….down.  If the Fed continues to keep pumping money into the market, mortgage rates could fall to as low as 4% but does it really matter?  As I have said for over a month now, if Americans do not have jobs, it does not matter how low mortgage rates are.

This is the first week since January that Subprime Blogger saw a drastic variation in my prediction and the actual mortgage rate surveys.  This just goes to show you that predicting moretgage rates is almost possible.  Make sure to check back in Monday as I attempt to predict mortgage rates next week; hopefully I will get back on track next week!

Mortgage Rate Predictions

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