Home Loans
The 2007 Mortgage Market
(presented by www.refinance-refinance.net - mortgage lenders)
By Sergio Haros
After years of simply amazing interest rates, 2006 turned out to be a bit of a watershed in the mortgage industry. With 2007 just a step away, what can we expect in the home loan market?
The 2007 Mortgage Market
From 2000 through 2005, we saw a historic period in the money borrowing market. As the Federal Reserve Bank sought to battle market forces and stimulate the economy, it set borrowing rates at historic lows. These rates allowed banks to borrow money at next to nothing and then issue loans to home buyers at unheard of rates. In 2006, of course, we saw interest rates start creeping back up. So, what does this mean for borrowers in 2007?
2007 is going to be an interesting year in the mortgage industry. On one hand, many expect the Federal Reserve Bank to flatten out rates or perhaps raise them gradually to fight inflationary issues. What the
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