Hello. My name is Erik Martin and I am a writer with The Mortgage Reports website (www.themortgagereports.com). I’m looking to interview mortgage/lending professionals, financial industry experts, real estate agents, and other housing experts for the following story on a tight deadline:
THE 1 PERCENT PERIL: HOW A 1% INCREASE IN MORTGAGE INTEREST RATES WOULD SIGNIFICANTLY DIMINISH PURHASING POWER. Below is a list of questions I’m seeking answers to. I can either conduct a phone or email interview (with the latter, please email me back full-sentence written responses that I can use as quotes). My deadline is noon central time, Thursday, May 26.
QUESTIONS:1. Using a mortgage calculator, we determined that a 1% increase in rates would diminish purchasing power by $35,000. Can you break down this math and what it really means? What kind of an effect/impact would this have on prospective mortgage borrowers, especially first-time borrowers?2. How much would purchasing power be diminished if rates went up a half percent, by comparison?3. What is the likelihood that mortgage interest rates will increase in the next few months by 1%? By half a percent? What do you predict/expect—will rates increase, and if so, by how much before the end of the year? Why/why not?4. Considering that some indicators show rates may creep up this year, is it smart to lock in a rate now, or take your chances and wait for the possibility that they could go down? What is your advice here?5. Any other recommendations for these borrowers, or thoughts, tips or suggestions on this topic?6. What is your full name, title, company, city/state location, and email address?
Keywords
financial industry experts, real estate agents, housing experts
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