[Vettezuki]

Anybody want to fire up their crystal ball and take a stab at mortgage interest rates for 30 year fixed in the next six months. I'm holding out for a cheap (flat rate) sub 4.5% to come around again. At some point though, in the not too distant future, maybe one, maybe two years, I don't know how we can avoid rates starting to go up A LOT to put the brakes on inflation as the economy starts to thaw out from its recent funk.

[SeanPlunk]

Originally Posted by Vettezuki

Anybody want to fire up their crystal ball and take a stab at mortgage interest rates for 30 year fixed in the next six months. I'm holding out for a cheap (flat rate) sub 4.5% to come around again. At some point though, in the not too distant future, maybe one, maybe two years, I don't know how we can avoid rates starting to go up A LOT to put the brakes on inflation as the economy starts to thaw out from its recent funk.

I predict that for the next 6 months rates will stay roughly where they are at now. Next year I believe the Fed will have to start raising rates slowly to combat inflation. The housing data of late points to a potential bottom in the market, but I think that this could just be an end of summer bump. I also think the data for housing in the 4th quarter may not be all that great...