What is causing mortgage rates to drop?
July 24th, 2009
-* asked:
I would like to hear your take on why this is happening . For 3 straight weeks, interest rates have been dropping on 30yr mortgages. My rationale : I think they are falling because the mortgage lenders do not have enough demand but an over-abundence of capital from foreign countrys as the USA keeps buying more imports than selling the world stuff, and its causing another imbalance where the countrys are running out of places to invest.I also think it’s further proof the housing bubble has popped…..I suppose many here will say it’s going to be good for housing as there is no ‘bubble’. I’d still like to hear from you.
Earlene
I would like to hear your take on why this is happening . For 3 straight weeks, interest rates have been dropping on 30yr mortgages. My rationale : I think they are falling because the mortgage lenders do not have enough demand but an over-abundence of capital from foreign countrys as the USA keeps buying more imports than selling the world stuff, and its causing another imbalance where the countrys are running out of places to invest.I also think it’s further proof the housing bubble has popped…..I suppose many here will say it’s going to be good for housing as there is no ‘bubble’. I’d still like to hear from you.
Earlene
