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Old 03-23-2015, 03:57 PM
 
Location: Texas
2,847 posts, read 1,857,099 times
Reputation: 1741

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U.S. Mortgage Rate Forecast

Mortgage Rate Forecast for 30 Year Conventional Loan
30 Year Conventional Mortgage Rate. Percent Per Year Average of Month.
Month Date Forecast
Value 50%
Correct +/- 80%
Correct +/-
0 Feb 2015 3.710 +/-0.00 +/-0.00
1 Mar 2015 3.78 +/-0.05 +/-0.09
2 Apr 2015 3.67 +/-0.06 +/-0.11
3 May 2015 3.56 +/-0.07 +/-0.13
4 Jun 2015 3.45 +/-0.08 +/-0.14
5 Jul 2015 3.34 +/-0.08 +/-0.16
6 Aug 2015 3.23 +/-0.09 +/-0.16
Updated Sunday, March 08, 2015
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Old 03-23-2015, 09:13 PM
 
Location: MID ATLANTIC
7,610 posts, read 17,689,040 times
Reputation: 8107
I suspect many don't have a clue what that is, including myself. I do understand this is saying rates are trending down, I gave up trying to figure out the rest, I know they're in 32nds, but something got lost in the cut and paste.

Barry Habib, MBS Highway and CNBC has been saying this since January 15 of this year. He's even predicting lower, like flirting w/ the below 3% mark for 30 year fixed. Hard to believe? Not really when other countries are at 0% to 1%. Notice I'm not saying I agree, but I don't know enough to disagree either. My world of has been saying since 2012 that rates are headed up. Uh huh, as they have consistently gone down.
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Old 03-24-2015, 12:33 PM
 
Location: New York
2,251 posts, read 4,173,039 times
Reputation: 1607
Quote:
Originally Posted by SmartMoney View Post
I suspect many don't have a clue what that is, including myself. I do understand this is saying rates are trending down, I gave up trying to figure out the rest, I know they're in 32nds, but something got lost in the cut and paste.

Barry Habib, MBS Highway and CNBC has been saying this since January 15 of this year. He's even predicting lower, like flirting w/ the below 3% mark for 30 year fixed. Hard to believe? Not really when other countries are at 0% to 1%. Notice I'm not saying I agree, but I don't know enough to disagree either. My world of has been saying since 2012 that rates are headed up. Uh huh, as they have consistently gone down.
It been a while when originating loans with the percentages at the nearest 1/8th....lol!!!!

Today can get a Swiss mortgage with a fixed rate as low as 1.5%....

Just like the show Fantasy Island "De Plane, De Plane" ... It is so predictable every April and May, people come out of the woodwork start crying "De Rates, De Rates, De Rates Are Going Up".... Break Out The Popcorn!!!


https://www.youtube.com/watch?v=USfKJYZcUmI
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Old 03-25-2015, 11:44 AM
 
Location: Raleigh, NC
1,138 posts, read 972,679 times
Reputation: 1180
I don't know about those numbers, but all the websites I read and mortgagenewsdaily.com, the rates will probably stay below 4 until the beginning of May I think?

Anyone else who follow rates and economic info have any other predictions? Lots of stuff happening in Europe that is affecting rates.

Probably would be good to stay floating for now.
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