Mortgage Rates

World Mortgage Corp offer customized solutions for every residential mortgage financing situation, for all credit grade borrowers.

15 yr fixed -- 4.25
30 yr fixed -- 5.06
5/1 ARM -- 3.38

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Mortgage rate forecast

 

The mortgage forecast should always take in to account the after effect of sub lime crisis. The financial damage created by sublime crisis has spread from the high risk mortgage loan to even the conventional loans. The sub lime crisis affects the mortgage rate forecast in many ways.



When the price of the house plummets due to forced sales the mortgage lenders stand to lose money. The person who had purchased will not be in a position to pay the bank as the money he would be getting through the sale of house will not be enough even to cover the principle amount. Hence the banks will only charge more interest rate.

The sum lime crisis has created the scare among the bigger financial institutions who lend the money to banks and other financial institutions. Because of this the credit flow in the economy market is very much reduced. Less of supply and more demand will only result in the increased rate of interest.

Mortgage interest rate depends on the general interest rate of the economy. The general interest rate is the rate of interest at which the financial institutions such as banks borrow the money from the other sources. Any financial institution will keep only 10 % of the money they lend out as deposit and the remaining will be given out as mortgage loans. Hence in case of default the banks will not get their money from the customers and will not be able to pay their debts.

Because of the sublime crisis, the other country investors will feel that the US financial system is not stable and will like to withdraw their investment. The only way to prevent this is by paying high return to their investment by paying more interest rate. As the result the mortgage interest rate will only increase.

 
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