Interest rates

[Terminal23]

I am looking to buy a house by the end of the year. Do any of you think rates will go back up or will they stay level with where they are now?

[NeoStarO1]

Hmm wonder if you can do some sort of pre-approval application with a bank to lock in the rate you want now for the future purchase at end of year?

I have wondered that myself.

[J-Excel]

You should be able to lock into a rate for a short period on a pre-approval. We're house-hunting too. I have three weeks to use my relocation benefit from my new employer. Buying a house sucks.

[Theophylact]

Don't know whether they'll go lower, but they're now at the lowest rates in more than thirty years. My advice is, don't get greedy; do it now. And if you can, go for a 15-year loan, not a 30-year one.

[Sweet]

agree with Theo on this one. DO IT NOW. 15 yr.

[Cruez]

The rates have started to go back up. I am closing on my refinance probably next week.

[MTAtech]

Finance friends of mine think that within a couple of years interest rates will be 8% because of the budget deficits/debt that will cause the federal government to borrow more.

Lock in now.

[mad1]

Here is a site you can view rates,
Bankrate .