Have most of the home buyers who got in before the tax credit ended 4/30 secured mortgages already?
Mortgage rates are dipping right now. Could it be partly because the peak of buyers are already locked in to a little bit higher mortgages? I am locked @ 5.25 and I close on Monday but I see mortgage rates dipping far below my 30 year fixed rate. Any thoughts?
Tags: 4/30, already, Before, buyers, Credit, ended, home, Mortgages, Most, Secured
No. the tax credit didn’t have any effect on mortgages. There are many other factors, much larger factors, that effect rates.
5.25% is a great rate. Could you have gotten lower. Sure. HOWEVER, rates could have also increased. Look at the glass as half full…