2010: Mortgage Rates Predictions

The Federal Mortgage Program has been extended once already. The revised date of termination is currently end of first quarter 2010. But the Fed is worried that the private market may not be able to survive without the support of its program. If market conditions show no improvement when the program is scheduled to end, the Fed is very likely to extend it further. If and when the Fed decides to end the program, market gurus forecast that mortgage rates are likely to rise to perhaps 5.75%. More than likely rates will run around 5.5%, as soon as the program ends. The state of the economy and the job market situation will determine any shift from this median. Gurus feel that the rates will even out at just below the 6% mark.

Dale Warfel San Jose Realtor

The neighborhoods of San Jose are Dale Warfel’s territory. He has been working the area for nearly 13 years now, having bought and sold homes, properties, condos … in fact anything in real estate. Dale Warfel has lived all his life in Santa Clara County which makes him a true son of the soil. By discipline, Dale Warfel is an engineer but has since been accredited with numerous real-estate designations. Please visit his website at www.dalewarfel.com to know more of him. Peruse the testimonial page to learn of his many eminently satisfied clients.