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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.
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!!!
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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