mortgage

Rates remain becalmed

Monday, March 23
Posted 2 p.m. EDT

CALM: Rates have held fairly steady today, despite the hubbub over the Treasury's plan to purge the financial system of toxic assets.

WHICH WAY?: A reader named Liz asks:

"Will mortgage rates continue to go down, or are they going to go back up?

I'm renting right now and about to renew my lease. (I) Was planning to buy a home next year. Will interest rates be higher next year?"

Liz, an interest-rate prediction more than a few days out is a crapshoot. I think rates will be higher next year, but I have no confidence in this prediction.

Don't let interest rate movements be the deciding factor in your choice of whether to buy or rent. If buying a house would cost a lot more per month than renting an equivalent house, you probably should continue to rent.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Home prices rise at slower pace

Home price growth has slowed significantly. Should you be concerned?  ... Read more

advertisement
Partner Center
advertisement

Connect with us