Having a crystall ball that told you if mortgage interest rates would rise or fall would be awesome. Especially in these uncertain times. Forecasts are never one hundred percent reliable, but in the light of recent events we can make some good guesses.

Low interest rates are promoted by lenders countrywide. What most advertisements don’t say is that the low interest rate is only relevant for individuals that have an above 700 credit score. If you want to get 5 percent interest or below, you not only need a credit score above seven hundred, you will also have to make a hefty down payment. Few people have spotless credit scores, so the extremely low interest rates are definitely not for everyone. Lenen doorlopend krediet explains how the Dutch solve this.

Mortgage interest rates have been going down over the past couple of months. What we all want to know is when the market will hit the lowest point. If you’re not sure if the mortgage interest rate is at the bottom right now, you may be inclined to wait with purchasing a home. The problem is, if we are really at the bottom right now, you lose your chance of buying at the best time.

Mortgage applications are pouring in the past few months. Lenders are overloaded with requests and a few have increased their fees in order to get a grip on the number of applications. Mortgage interest is set to keep coming down, but we will see a bounce in the near future.

Numerous people will look at the bounce as a negative thing, but they’ve got it wrong. You simply have to wait it out and you’ll see the interest sink again. You will know that the market has almost reached it’s lowest point when the bounce is done. In this period, getting a fixed rate mortgage for a couple of years might be a very sound idea. You will know you’ve made the best decision when interest rates are going up again.