Why are Mortgage Rate Predictions important?
Firstly, these predictions ONLY apply for 2009-2010. Secondly, mortgage rate predictions are extremely important, especially for any homeowners and first-home buyers. When a home owner borrows at the lowest interest rates possible, they are saving the most money possible. This is logical, as they pay the least interest possible. Hence, if you have a rough estimation or idea of where the mortgage rates will be in a few months time, your decision to borrow mortgage loans will be a lot more educated and financially successful.
