Hitman Posted March 21, 2019 Report Share Posted March 21, 2019 Mortgage rates fell quickly after the Fed's announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily. That is the lowest in over a year and 19 basis points lower than a year ago. The rate had surged to over 5 percent at the start of November, which caused home sales to fall sharply in December and January. The move in mortgage rates followed Fed Chairman Jerome Powell's announcement that the central bank would end the so-called run-off of bonds from its balance sheet sooner than most expected. That caused the yield on the 10-year Treasury to tumble. Mortgage rates loosely follow that yield. "This is about as big of a change as anyone expected. It means the Fed will be buying more bonds more quickly," wrote Matthew Graham, chief operating officer at Mortgage News Daily. "And bond buying results in lower rates, all other things being equal." Even small rate moves can have a big impact on home buying, especially since so many buyers today are facing overheated home prices and are therefore on the edge of being able to afford a home at all. Looking at the 30-year fixed rate on a $300,000 mortgage, every 25 basis point move down means a savings of $50 on a monthly payment. With the rate now down about 75 basis points from November, that's a savings of $150 per month. The drop in rates helps both potential buyers and current homeowners who might be able to benefit from a refinance — but it all comes with a caveat. The Fed isn't raising rates because the economy is weakening. "While a plus for home buyers, if concerns about the economic outlook rattle consumer and homebuyer confidence, it could offset the benefit of lower mortgage rates," noted Danielle Hale, chief economist for realtor.com. Quote Link to comment Share on other sites More sharing options...
jua_java Posted March 21, 2019 Report Share Posted March 21, 2019 Meter mein matter kya hai Quote Link to comment Share on other sites More sharing options...
TensionNahiLeneka Posted March 21, 2019 Report Share Posted March 21, 2019 ante home prices taggutaaya? perugutaaya? Quote Link to comment Share on other sites More sharing options...
Hitman Posted March 21, 2019 Author Report Share Posted March 21, 2019 Just now, jua_java said: Meter mein matter kya hai economy slow down valla.. housing loan rate kossintha taggindi anta..from 4.4 to 4.34. Quote Link to comment Share on other sites More sharing options...
Hitman Posted March 21, 2019 Author Report Share Posted March 21, 2019 Just now, TensionNahiLeneka said: ante home prices taggutaaya? perugutaaya? Perugu tayi.. less rate means more buyers means house price goes up... Quote Link to comment Share on other sites More sharing options...
TensionNahiLeneka Posted March 21, 2019 Report Share Posted March 21, 2019 Just now, Hitman said: Perugu tayi.. less rate means more buyers means house price goes up... ok, thanks for the reply Quote Link to comment Share on other sites More sharing options...
IPL2018 Posted March 21, 2019 Report Share Posted March 21, 2019 23 minutes ago, Hitman said: Perugu tayi.. less rate means more buyers means house price goes up... 4.34 is not less kada bhayya...janalu 2 ki tesinollu unnaru Quote Link to comment Share on other sites More sharing options...
jefferson1 Posted March 21, 2019 Report Share Posted March 21, 2019 Just now, IPL2018 said: 4.34 is not less kada bhayya...janalu 2 ki tesinollu unnaru Eppudu tiskunnav? E bank I might buy a house soon Quote Link to comment Share on other sites More sharing options...
Hitman Posted March 21, 2019 Author Report Share Posted March 21, 2019 Just now, IPL2018 said: 4.34 is not less kada bhayya...janalu 2 ki tesinollu unnaru 5, 6 ki veltundi ani bayapaddaru.. from last 2 quarters FED no tatha control chesadu interest rate penchakunda.. lekpothe 5 daatedi. Quote Link to comment Share on other sites More sharing options...
r2d2 Posted March 21, 2019 Report Share Posted March 21, 2019 2 minutes ago, IPL2018 said: 4.34 is not less kada bhayya...janalu 2 ki tesinollu unnaru 2% fixed???? that can't be true.. Quote Link to comment Share on other sites More sharing options...
Hitman Posted March 21, 2019 Author Report Share Posted March 21, 2019 Just now, r2d2 said: 2% fixed???? that can't be true.. gatham lo 2009 to 2011 ayyi untadi le... aa rates Quote Link to comment Share on other sites More sharing options...
Spartan Posted March 21, 2019 Report Share Posted March 21, 2019 30 minutes ago, TensionNahiLeneka said: ante home prices taggutaaya? perugutaaya? pergutay Quote Link to comment Share on other sites More sharing options...
TensionNahiLeneka Posted March 21, 2019 Report Share Posted March 21, 2019 1 minute ago, Spartan said: pergutay thanks bro, ayana kooda reply ichadu. good boys.... I LOVE YOU Quote Link to comment Share on other sites More sharing options...
Spartan Posted March 21, 2019 Report Share Posted March 21, 2019 31 minutes ago, Hitman said: Perugu tayi.. less rate means more buyers means house price goes up... yup Quote Link to comment Share on other sites More sharing options...
krishna556 Posted March 21, 2019 Report Share Posted March 21, 2019 nadi inka 4.1 lo undi... thats high still Quote Link to comment Share on other sites More sharing options...
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