8 responses to “Are home loan interest rates likely to go up or down?”

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  You Ask I Answer July 14th, 2010 at 22:05

  Gregory

  I think they will go up, and loans will be harder to get, because of increased risk.

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  Ericka July 16th, 2010 at 03:15

  Darlene

  up, up, and away!!!

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  Dr_Speed July 16th, 2010 at 10:01

  Sandra

  Eventually; what goes up must come down.

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  sunshinedtm4747 July 19th, 2010 at 09:36

  Gordon

  I’m not sure about the intrest rate part, but I work in an Investor department at a bank. From my knowledge, the market and sale prices of homes right now are radically dropping, so if you’re looking to buy, now is the time because the actual purchase price will be lower. However, because so many homes are forclosing, even on people who have good credit history, it may be more difficult to get the loan. You will probably need good income history and a large down payment.

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  Terry S July 20th, 2010 at 00:15

  Florence

  Reading this report should help

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  MISES.ORG July 23rd, 2010 at 06:17

  Bruce

  The FED is start trying to dont go up, but only a Bomm in some sector can stop going uppppppp

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  Terry R July 24th, 2010 at 10:10

  Brittany

  It was just on the news tonight that the Interest Rates are going to be getting higher and the Loan Companies are going to make it more difficult for buyers (especially first time buyers) to get Home Loans. The market seems to be bad right now. I know for a fact that the housing market both buying and selling is depressed now. There are Major Realty Companies that are laying off Realtors because the houses are just not selling. Lenders that before were so easily giving out loans are not doing so at present. We can only hope things will get better in the months to come..

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  shacker2762 July 25th, 2010 at 05:04

  Herbert

  I’m not so sure they’ll go up too high (they’ll go up for sure) but the banks are REALLY tightening their standards on whom they’ll lend to. I’m going thru hell right now. If you are going for a home, make sure you have enough money down (like 20%) and make absolutely sure your credit rating is high enough. It seems you’ll need 620 just to be considered. I’m just under and am having trouble refinancing (so now I have to sell).

  If your credit rating is good enough, like in the 700′s, you’ll get a good rate.