Mortgage Rates ??

[Chester32141]

Would anyone care to venture a guess in what direction mortgage rates are headed over the next 18 months ? 

Whichever direction ... how fast will it change ?

Thanks ... 

[makattak]

Would anyone care to venture a guess in what direction mortgage rates are headed over the next 18 months ? 

Whichever direction ... how fast will it change ?

Thanks ... 

Up and unpredictably so.

It is nearly impossible for the rates to go down. (Fed has lowered the Federal Funds Rate to nearly zero already.)

All the movement in the money supply has been up in the past several years. Inflation has already moved into most markets (but, conveniently, not in most of the items that make up the CPI). Interest rate increases cannot be far behind.

It may be a slow move up. It may be a sudden dramatic move in respose to a collapse.

I am certain the rates will be going up. How they do so will be a surpise.

[Brad Johnson]

Up and unpredictably so.

It is nearly impossible for the rates to go down. (Fed has lowered the Federal Funds Rate to nearly zero already.)

This ^^

Brad