Already on ArticleSlash?

Forgot your password? Sign Up

Mortgage Rates Predictions - You Need to Know the Mortgage Rate History to Make Predictions

 


Visitors: 344
 2 votes

Mortgage rates have had a great impact on the history of the economy. When we see rates spike, the amount of money people are willing to invest in real estate and other large ticket items typically goes down. When there is less money being invested in real estate or other large value purchases, there is usually a slow down within the economy.

When they drop or are in the lower end of the spectrum people have more money and they are willing to invest in real estate or other large ticket items and this in turn helps to stimulate the economy. Typically this is not an immediate shift. It takes several months for the market to adjust.

One of the thing everyone would like to be able to do is to make good predictions. This is difficult to do. If you look back at the mortgage history about 20 years or so ago that was the last time that mortgage rates were over 10%. The history of of these rates in the period between that 20 years to about 30 years ago, seeing them over 10% was normal.

To be able to better make predictions, a larger period of time needs to be looked at. If you just look at the last 20 to 30 years, you can only make a very limited prediction. Other factors as well have to be looked at, not just history. Unemployment rates, stock market, oil prices, national debt, and more need to be taken into account if you want to be able to do better mortgage rates predictions.

To see more Mortgage Rates Predictions check out Jason's website that also has Mortgage Rate History

(283)

Article Source:


 
Rate this Article: 
 
Home Mortgage Rates - Get the Best Loan For You at the Best Rate
Rated 4.5 / 5
based on 2 votes
ArticleSlash

Related Articles:

Current Mortgage Rate Predictions

by: Mark Bennett (July 22, 2008) 
(Finance/Mortgage Refinance)

Are Mortgage Rates Predictions Accurate?

by: Julita Viola (July 02, 2008) 
(Finance/Home Equity Loans)

Mortgage Rates Predictions - Will the Bail Out Help?

by: Lyn Collier (September 29, 2008) 
(Finance/Mortgage Refinance)

Mortgage Rates Predictions a Good Thing to Do

by: Julie Viola (July 06, 2008) 
(Finance/Mortgage Refinance)

What Factor Influences the Mortgage Interest Rate Predictions?

by: Zul Wafiy (July 03, 2008) 
(Finance/Mortgage Refinance)

My Adjustable Rate Mortgage Rate Increased - Make an Adjustable Mortgage Rate ..

by: Darin Sewell (September 23, 2008) 
(Finance/Mortgage Refinance)

Psychic predictions and tarot predictions

by: Antike Parusto (October 22, 2011) 
(Self Improvement/Spirituality)

Mortgage Interest Rates: Should You Lock In Your Mortgage Interest Rate

by: Louie Latour (March 04, 2007) 
(Real Estate)

Arizona Mortgage Refinance Rates - Lower Rates Reduce Mortgage Payments

by: Ken S (March 16, 2008) 
(Finance/Mortgage Refinance)

Home Mortgage Rates - Get the Best Loan For You at the Best Rate

by: Bryan Burbank (June 05, 2008) 
(Finance/Mortgage Refinance)