Mortgage Rates Predicted to be Lower by Mid 2011

A number of online sources are claiming predictions for lower mortgage rates by June, 2011.  If these predictions hold true, it could hold back inflation and increase the number of home purchases for the upcoming year.  That would make now a good time for investors to put a little money back into the housing market.  Buying homes now with the intention to sell in June could show a boom in the market starting as early as late January.  Mortgage rates being higher now and the New Year approaching may show sellers lowering their asking prices for some really great properties.

These properties could definitely thrive in a market where buyers are looking at much lower mortgage rates.  It’s still a buyer’s market, but the current market is more for the investor in homes to flip rather then personal home buyer’s wanting their first or second homes.  Buyers that are waiting on mortgage rates to return to numbers we were seeing early in the year are making it a much better market for the investor.  Buying now while the rates are in a mid range puts a home buying investor in a very strong position for an early return on the investment coming up this June and July.

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