April 2010 | Mortgage For Less Corp.

Banks See A 2.75% Rate Hike In 19 Months

Posted on April 16/2010 by Mortgage For Less

Economists at the Big 5 banks worked overtime this week, polishing their rate forecasts and fielding calls from reporters. It seemed every major media outlet in the country ran stories on where interest rates are headed. Here’s what the “prophets’” predict rates will do by the end of next year (2011): That’s an average estimated increase of 2.75% in the overnight rate (rounded to the nearest 1/4%).

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Big Banks Set Higher Qualification Rates

Posted on April 16/2010 by Mortgage For Less

Lenders have started announcing their new debt servicing policies this week. One big one taking effect on April 19 is the posted qualification rate.

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