Mortgage Rates Predictions
Current mortgage rates predictions for the USA are that mortgage interest rates will remain at historically low levels
until after the Federal election in November, and then begin to rise sharply. Home owners in the US may not feel that mortgage
interest rates are at historically low levels, because there has been a slow upward creep in interest rates over the past
two years, and current mortgage interest rates are higher than they have been since early this century.
However, this view is only viable for those with short memories - and the very young. Not since the 1960s has there been
such a sustained period of low mortgage interest rates.
Mortgage interest rates predictions are on the rise, because of a number of important economic pressures.
1. Rising Inflation
The rate of inflation is calculated into the interest rates charged for mortgages, credit cards, and other forms of lending.
Rising oil prices, and teh resulting rises in the price of transport, food, heating, and other necessities, will feed into
a higher rate of inflation in the near future. This will put upward pressure on mortgage rates predictions.
