Interest rates direction ?

[noupf]

please, this economy sux and with obama in office ( not trying to make this a politcal discussion ), it will continue to stagnate until he is gone. My honest opinion, the fed raises rates some time early in 2015 and even then, it will only be very small, few and far between incremental increases. I'd say mortgage rates in ealry 2015 will be around 4.75%, late 2015....maybe 5%.......after that, it will be years before we even remotely sniff 6%.

[LegalDiva]

Originally Posted by noupf

please, this economy sux and with obama in office ( not trying to make this a politcal discussion ), it will continue to stagnate until he is gone. My honest opinion, the fed raises rates some time early in 2015 and even then, it will only be very small, few and far between incremental increases. I'd say mortgage rates in ealry 2015 will be around 4.75%, late 2015....maybe 5%.......after that, it will be years before we even remotely sniff 6%.

Sounds about right..I did a refi closing 2 weeks ago and the rate was 4.75% on a 30yr fixed which is the same rate as my own refi back in 2011.. Rates are going up but they are going up very slowly..4.25% was the lowest I have seen for conventional 30yr fixed rate mortgages and now they are around 4.75 % a 4.975% or so..they increase .25% but then it drops again for whatever reason (news events) and stays flat. I dont see rates going up over 5.25-5.5% this year- maybe by 2016 it will be at that range..

[kokonutty]

Originally Posted by noupf

please, this economy sux and with obama in office ( not trying to make this a politcal discussion ), it will continue to stagnate until he is gone. My honest opinion, the fed raises rates some time early in 2015 and even then, it will only be very small, few and far between incremental increases. I'd say mortgage rates in ealry 2015 will be around 4.75%, late 2015....maybe 5%.......after that, it will be years before we even remotely sniff 6%.

Not trying? That's precisely what you did.

[noupf]

Originally Posted by kokonutty

Not trying? That's precisely what you did.

no, i didnt......but you just did.