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Mortgage rates Paper_Pusher April 03, 2008 08:56 am
Mortgage rates spikes a few weeks ago as the Bear Stearns collapse scared the market and the spread between the 10 year and the average mortgage rate was wider than I have ever seen it. Now that the Bear Stearns crisis has been at least delayed and other financial institutions are charting a course through this mess, the spread is thinning.

Does anyone have a crystal ball on any of this stuff. I'd like to lock in a rate and I don't know if we can expect rates to drop much further.

Anyone have any idea where the bottom of the market might be in the DC area. I have heard people say that if prices drop to 2002 or 2003 price ranges then that is probably as low as it will go.


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