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I believe the result will only be a delay with our projected Fed rate increase. Instead of a summer bump, it will be a fall bump. And if the news out of Wall Street continues to be restrained in the coming months, a delay to winter. We cannot handle a cut right now - wages would decline. Sure, the Soviets and Cental Europeans can take rate to 0%, but they are having way more issues than we are. I have seen predictions at absurd lows for our mortgage market, I find it hard to believe. But then, if you asked anyone in 2013, they never would have believed rates in 2015 would be even lower.
I defiantly think rates stay the same or LOWER for the next 9-12 months. Why we are aligned w global banks is still a mystery to me but if they go Any lower we will follow.
My prediction.
15 yr fix mortgage 2.35-2.5%
30 yr fix mortgage. 3.25 -3.5 %
These rates will go this low for a few weeks in the next 3-6 months.
....if you asked anyone in 2013, they never would have believed rates in 2015 would be even lower.
...
My view is interest rates will remain low until our next republican president.
History shows a republican before and a democratic president after, each dip in our economy since the 1930's.
Early 2000's was following the raise/drop in gas prices, each time the interest rate changed.
If you asked anyone in the last five years. They never would have believed both gas prices, and interest rates today would both be low at the same time.
I am wondering how long these low gas prices are going to continue!!!
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That's my thoughts
