How low do you think mortgage rates will go in the next six months to a year? Depending on circumstances?
We are considering remodeling and/or refinancing but I am wondering how long to wait. Our mortgage broker is reluctant to "guess" because 1) She probably wants to lock us in now as a client 2) She doesn't want to be wrong an look stupid 3) She may have some fiduciary duty to not make things up.
However, you fine folks have none of those concerns.
What do we think will happen? How low might they actually go?
My guess is even if the economy begins to recover the fed will keep things low no matter which administration is in the office. Do we think so? What if the economy flatlines for a while?
I don't want to miss my opportunity but don't want to jump too soon!