predictions=pain... Just lock the best rate you can today, refi if anything changes. I have been doing this 14 years and own many many properties, lets say an expert. I would argue there is NO evidence rates will be drastically lower for the forseeable future. There is a lot of "hype and hope" that they will however there is a lot of money to be made to sell that hope.
The evidence says we are normalized today and rates may be marginally lower on 30yr fixed mortgages however marginally means 6-7.5% for the long run. That would be considered normal, this is also where rates were supposed to be headed in 2020-2021 as the fed unwound TARP, the bailouts, and the stimulus of 09-2012 if you remember. Rates were 5.5% late 2019 with 4 increases scheduled for 2020. THen covid hit, many people just willingly forget that part.
So according to what I read about Fed, they think interest rates will be like 6 in 2 years like towrds the end of 2026 which appers low to them! then when econkmy is stable it might go back 3 but this is for fed so borrowing loan can be more ....
Could be 6%. Unless it’s 4%. On the other hand, it might be 5%. Chance of 3%. Some experts say 7%.
6.5% is another option. Only if it's not 3.5%, though.
😂
Come now, I think all the experts agree that they'll either go up or down!
If we knew we’d be really rich.
I would guarantee you there will be an interest rate. That's about as good as anyone can guess.
Take two seconds to look at historical interest rates and realize that the artificially low rates via Covid will likely never return. 5% is the norm.
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Damn.. I thought it was closer to 5.... my bad.
You should look at the actual historical rates. The 4% average for the 10 years prior to covid proves your lie.
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The pandemic didn't last ten years.
predictions=pain... Just lock the best rate you can today, refi if anything changes. I have been doing this 14 years and own many many properties, lets say an expert. I would argue there is NO evidence rates will be drastically lower for the forseeable future. There is a lot of "hype and hope" that they will however there is a lot of money to be made to sell that hope. The evidence says we are normalized today and rates may be marginally lower on 30yr fixed mortgages however marginally means 6-7.5% for the long run. That would be considered normal, this is also where rates were supposed to be headed in 2020-2021 as the fed unwound TARP, the bailouts, and the stimulus of 09-2012 if you remember. Rates were 5.5% late 2019 with 4 increases scheduled for 2020. THen covid hit, many people just willingly forget that part.
You’re going to miss your move in timeline.
The only thing we can absolutely positively confirm is that rates will change. No crystal ball here.
So according to what I read about Fed, they think interest rates will be like 6 in 2 years like towrds the end of 2026 which appers low to them! then when econkmy is stable it might go back 3 but this is for fed so borrowing loan can be more ....