12Jan2011
TV Interview : Loan Fees Rising, Mortgage Rates Rising, Housing On The Mend In 2011
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I returned to the First Business television studios this week to talk mortgages and housing.
In 3 minutes, our interview goes deep on:
- Why conforming mortgage applicant will pay higher loan costs in 2011
- The Fed's QE2 program to lower mortgage rates, and whether its working
- Why mortgage rates are trending toward 6 percent, longer-term
The mortgage market and the housing market are in recovery. 2011 will tell a much different story from 2010. If you're planning to buy a home or refinance one in late-2011, consider moving up your timeframe.
When summer gets here, the "best deals" on homes -- and mortgage rates -- should be gone.
Call or with your follow-up questions. I answer all my own email personally.
