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Why Mortgage Rates Are Likely to Rise | Chief Economist Bob Walters | Quicken Loans

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Published on Mar 18, 2013

Mortgage rates are at historic lows. But for how long? Nobody knows for sure. But all the signs are starting to point to mortgage rates going in one direction. Up. And probably in the not-so-far-away future. Chief Economist Bob Walters explains it all. He talks about how short-term rates (the Fed Fund rate) are already at zero. That means they can't go any lower. Long-term rates (30-year fixed, for example) are down to levels Americans haven't seen in decades. Since Eisenhower was president. And I Love Lucy was a brand new TV show. That's a long time, friends. Check out today's rates at http://www.quickenloans.com/mortgage-... and see if you can save some money before this opportunity passes you by forever!

Quicken Loans is an Equal Housing Lender. Quicken Loans Inc. is a licensed mortgage lender in all 50 states. Arizona: Quicken Loans Inc., 16425 North Pima, Suite 200, Scottsdale, AZ 85260, Mortgage Banker License #BK-0902939; Arkansas: Quicken Loans Inc., 1050 Woodward Avenue, Detroit MI 48226-1906, (888) 474-0404; California: Licensed by Department of Corporations, CA Residential Mortgage Lending Act; Colorado: Quicken Loans Inc., NMLS #3030, (888) 474-0404, Regulated by the Division of Real Estate; Georgia: Residential Mortgage Licensee (#11704) -- 1050 Woodward Avenue, Detroit MI 48226-1906; Illinois: Residential Mortgage Licensee #4127 -- Department of Financial and Professional Regulation, 1050 Woodward Avenue, Detroit, MI 48226-1906; Maine: Quicken Loans Inc., Supervised Lender License NMLS #3030; Massachusetts: Quicken Loans Inc., Mortgage Lender License #ML-3030; Minnesota: not an offer for a rate lock agreement; Mississippi: Licensed by the Mississippi Department of Banking and Consumer Finance; New Hampshire: Licensed by the NH Banking Department, #6743MB; New Jersey: Licensed Mortgage Banker -- NJ Department of Banking, first (and/or second) mortgages only; New York: Licensed Mortgage Banker -- NYS Banking Department; Oregon: Quicken Loans Inc. -- License # ML-1387; Pennsylvania: Licensed as a first Mortgage Banker by the Department of Banking and licensed pursuant to the Pennsylvania Secondary Mortgage Loan Act; Rhode Island: Licensed Lender; Texas: Quicken Loans Inc., 1050 Woodward Ave, Detroit, MI 48226; Virginia: Quicken Loans Inc., NMLS ID #3030 (www.nmlsconsumeraccess.org). Washington -- Consumer Loan Company License CL-3030. Quicken Loans Nationwide Mortgage Licensing System #3030.
© 2013 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. "Quicken Loans" is a registered service mark of Intuit Inc., used under license.

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