What will mortgage rates do?
Post date: 2020-08-05 09:11:22
Views: 231
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!
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
Fed still expects to cut rates once this year despite spiking oil prices
Which credit card should you pay off first? 5 tips to help you decide
As Americans struggle with rising costs, many states’ unemployment benefits fall short, analysis finds
Bitcoin faces pressure after hotter-than-expected inflation data: CNBC Crypto World
How to turn leaves into ornaments
Dry eyes?
Odds of a Fed rate hike by June are now higher than the chances for a rate cut
Top Chef: Puckerbutt
Trump warns to 'blow up' South Pars gas field in Iran if strikes against Qatar energy continue
Micron revenue almost triples, tops estimates as demand for memory soars