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January 10th, 2009

HSH’s Latest Two-Month Forecast

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Every two months, the mortgage-market analysts at HSH recap the events of the past two months, and make a prediction on the future direction of mortgage rates.

“Since our last forecast, significant portions of the residential mortgage market have been reshaped due to government intervention and — in some ways — due to a lack of government action. We’ve come through an election cycle, seen hundreds of billions of dollars spent trying to comfort financial markets, and heard the promise of hundreds of billions more dollars in various forms of ’stimulus’ that may be on the way. For mortgages and real estate, at least one important support is in place; others may arrive under a new administration.”

Forecast: “It’s widely agreed that without the government’s influence, the mortgage market would be an even messier place than it already has become. That durable support is crucial to stabilizing the market, at least until private capital again develops an appetite for investments with greater-than-zero risks. With a new administration coming in, any number of plans may come to manipulate interest rates still lower, but that could delay any resumption of private interest, since that paper would feature very low yields. In this way, we find ourselves in a tenuous situation, with one overarching question: Does the good-credit-quality mortgage market need more incentives than the near-50-year-low interest rates already in the market… and if so, who deserves that additional support? (If you’ve read this far, you already know our answer.)”

Click here to read the entire Two-Month Forecast for Mortgage Rates.

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One Response to “HSH’s Latest Two-Month Forecast”

  1. Metatrader ea Says: January 12th, 2009 at 5:07 am

    Thnx for info. But I’d like to see One-month forecast better.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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