Delicious Real Estate

Are Columbus Mortgage Rates on the UP?

January 14th, 2010 Categories: buyers, mortgage
Which way are Columbus Mortgage rates going?

Which way are Columbus Mortgage rates going?

It’s hard to imagine that mid December of 2009 wasn’t a potential bottom point for Columbus Mortgage rates. Today, the best rates are somewhere around 5.125% and as the economy improves (or at least as we’re told it is improving) the rates will rise.

If you plan to buy this year, I would do it sooner rather than later. I’m reading a lot of predictions about year-end 2010 rates in the 6’s.

Don’t just take my word for it….From Reuters the the other day….”The U.S. Federal Reserve will have to raise interest rates as the economy improves or risk losing the public’s confidence in its commitment to keeping inflation low and stable, a top Federal Reserve policy maker said on Tuesday.

Charles Plosser, president of the Philadelphia Federal Reserve Bank, said expectations for future inflation are currently “well-anchored,” but warned that there is “considerable uncertainty” clouding the outlook for price pressures over the next two to five years.” more.

  1. A Massive Season: Sirk’s Notebook chronicles the 2008 Columbus Crew | Columbus Crew MLS Announcer

    [...] Delicious Real Estate » Are Columbus Mortgage Rates on the UP? [...]

Delicious Communities
Delicious Real Estate
Relocating to Columbus? Why not work with a Delicious Real Estate Agent to help ease the transition by saving you money and time .
What's My Home Worth?