Where do you see mortage rates going in the next 6 months?

Question

I want to refinance, but I'm not sure that I should wait any longer in fear that mortage rates will increase further. I'm in a variable loan and want a fixed - looking for some insight.

Answer 1

The mortgage rates are very likely to go up, if for no other reason than because the budget deficit will sooner or later bring about higher inflation. So I would say getting a fixed-rate loan is a good idea.

Answer 2

It is a volitile market right now. Rates are going up and down everyday it seems. One thing is for sure, we are not going to see the ultra low rates as we did in the past few years. As inflation increases rates will only go higher. I think by the end of the year rates will still be in the high 6's or low 7's.
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Answer 3

I see mortgage rates staying at this plateau for awhile. There might be a slow decline in the near future, but with inflation and everything prices are going to stay about even. In the distant future though, expect real estate to drop drastically when the baby boomer generation dies. They are 3 times as large as any generation that ever lived. Combined with the fact that most more developed countries have declining national populations, it's spells disaster in real estate.

Answer 4

I believe that interest rates will continue to go higher. This is the Fed's way of controlling inflation. The Fed is expected to raise interest rates again at their next meeting by a half a percent. I would say if you are in a ARM it would be to your advantage to refinance asap as rates are expected to rise in the near future.

Answer 5

Down the drain. I hate my life because I want a house in the next few years and I know it'll rise like crazy then.

Answer 6

up and up more. The Fed just raised the prime rate yesterday, so mortgage rates will follow quickly.