"ATTENTION" PLEASE HELP.IM BUYING A HOUSE..sooo?

can anyone anywhere tell me what make the interest rate go up and down ? presently it is 6.000 i live in virginia..it convoy 9 2008..and will it go up or down contained by the nexy few weeks..im under contract...please abet soon

Is nearby a canon that landlords enjoy


in good health you can apply and lock in your rate

go up and down depending on long term funds rate, slight impact from short residence bank rate

your rate depends on your credit rating, so hope you've be working on that

no one have a real faculty to predict, but I'd say stable or downwsards for rest of year

I am looking for a 2 BR




Answers:    It is very frozen to say. The current financial conditions influence the rates, especially fixed rates. Where some look to the 10 year or long bonds to make the guess, others look at the certainty that if unemployment is up, housing starts are down and other adverse open market conditions should cause rates to drop within an attempt to promote business. On the other hand if dismissal is down, housing starts are up then rates may be in motion up. With regards to the bond market, the 10 year is a Gage for fixed rates widely used by bankers. However, lately it seems that 10 year going down does not other lower the fixed rates as some lenders are having to maintain the "spread" instead of passing the money on to the customer. Keep in mind that fixed rates will not profusely fluctuate so if 6% is a reasonably comfortable sum you should take it, or you could also ask just about buying down the rate with discount points you could buy. Here is a couple of websites that submit additional information. www.bankrate.com and www.cnn/money.com

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