Mortgage rate hike up, should I wait

I am interested in buying a house in a goog NY suburb area. Called several brokers the realtor gave me today, the lowest rate for jumbo 30 year was 7.75%. How come it is this high? They said the rate hiked up a lot this week, maybe it will go down soon?

I am afraid if the rate is so high, the housing market will go down even furthur.

Thanks!

所有跟帖： 

• By the way, where should I shop for mortgage in NY -729418- ♀ (40 bytes) () 03/07/2008 postreply 19:14:23

• It should be around 6.5% soon -CALoanAgent- ♂ (0 bytes) () 03/07/2008 postreply 19:18:28

• Thanks, is that because Fed will furthur ease up money? -729418- ♀ (0 bytes) () 03/07/2008 postreply 19:27:07

• The new temporary super-conforming loan limit should -CaLoanAgent- ♂ (52 bytes) () 03/07/2008 postreply 21:37:08