1. Ask each lender and broker for their current mortgage interest rates and make sure the rates are the lowest for that day or week.

2. Ask whether the rate is fixed or adjustable. Keep in mind that when interest rates for adjustable-rate loans go up, generally so does the monthly payment.

3. If the rate quoted is for an adjustable-rate loan, ask how your rate and loan payment will vary, including whether your loan payment will be reduced when rates go down.

4. Ask about the loan’s annual percentage rate (APR). The APR takes into account not only the interest rate but also points, broker fees, and certain other credit charges that you may be required to pay, expressed as a yearly rate.

With the U.S. stock market rebounded, home  mortgage rates dropped?the Americans increasingly expected to improve the employment situation. the United States consumer’s confidence index jumped substantially.which increase to the highest since 2005.

Consumer Confidence Index increased more than expected, rose to 39.2, the highest point for five months.In addition, a separate report showed that in February,the U.S. 20 cities housing prices fall slowed down the first time since 2007.

An economist believes that there have been a turn for the better,the data is no longer deterioration,even start to improve.However, the total  economic situation has not yet reversed.which should be out of the trough in the June to October, and then began to rise.

After these reports which mean that the recession began to slow down publishing,the U.S. stock market rebound, while the bond market has been down.

In addition to consumer confidence index,there are a number of public opinion survey data show that in four years,  the majority of the Americans at the first time believe that the U.S. economy is heading for a good direction.

Civil investigation showed that 48% of people think that the United States is moving forward on the right track. President Obama’s public support rate was 68%, the data of 100 days in power are better than his predecessor.

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Lazard Asset Management research department Co-director,Ronald Temple,said,even when mortgage rates fell to as low as 4.5 percent, housing prices may still further decline in the level of 22% -27% than the end of january.

However, for the project that the U.S. Federal Reserve Board (referred to Fed) buy more than one trillion U.S. dollars of mortgage-backed securities to force down interest rates.the effect can not be predicted,Up to now, Fed has bought 250 billion U.S. dollars of mortgage-backed securities.when the Mortgage rates fell for every 1%, the borrower’s monthly payment will be reduced by 10%.their purchasing power would be enhanced. Therefore, if the Fed continue to purchase mortgage-backed securities and make  mortgage interest rate to fall to 4% ,then the housing price drop may slow down to 16% -21%.Temple said that although housing prices maybe not stabilize in this year, the rate of decline might be slowing.

Stock market rebound should consider people’s optimistic expectations.no need the housing market.However, faced to the continuing decline in housing prices, the property market is expected to pick up the enthusiasm inspired by the investment will be put to the test, if the Fed stop to buy the mortgage-backed securities,refinancing mortgage rates could rise.