Daily Investment Tips

The consensus in wallstreet is that mortgage rates in US will continue to rise in 2010, 2011 and beyond.

According to this New York times article, this is what the analyst had to say:-

Bill Gross (he has made millions, NO! billions, investing in bonds) – It’s been a great thrill as rates descended, but now we face an extended climb.

The Mortgage Bankers Association expects the rise to continue, with the 30-year mortgage rate going to 5.5 percent by late summer and as high as 6 percent by the end of the year.

Morgan Stanley, are predicting that rates could rise by a percentage point and a half by the end of the year.

JPMorgan Stanley are forecasting a more modest half-point jump.

They cant agree mortgage interest rates will go up by how much but the consensus is up.

written by Constantine Njeru \\ tags: Bill Gross, Billions, Consensus, Half Point, Interest Rate, Interest Rates, Investing In Bonds, Morgan Stanley, Mortgage Bankers Association, Mortgage Interest Rate, Mortgage Interest Rates, Mortgage Rate, Mortgage Rates, New York Times, Percentage Point, Wallstreet, Year Mortgage, York Times Article