For those that are not "seasoned enough" to 
remember "E" Tickets at Disneyland/World it was the ticket to get you on the best and most exciting rides. I have fielded numerous calls today about what is going on with rates.
What will they do next?is the biggest question and to be honest,
I really wish I had that flying Delorean 
so I could give you all the answer we crave. But, lets look at the past 2 years for some sense of guidance. The last 2 falls and winters saw rates drop to the lowest levels of the year. With the buying season starting in spring and going through summer rates actually climbed. Approaching close to 7% and this summer actually breaking that level and then dropping back and bit. And this year with all the up and down of our favorite roller coaster, we were basically following that path. Then SuperHero steps up and takes over the evil Fannie and Freddie and pow, rates drop like (insert your favorite saying here). Rates have dropped to where I thought they might be again this winter.
So as I gaze into my crystal ball trying to advise clients and Realtors on what rates will do tomorrow and next week. I will tell them the story above about the last 2 years and show them what the difference is in a .250% rate change and let them make the decision. As for me, well I have my finger on the lock button and it is a little cramped. My gut tells me that this is as low as we go. Sure we might get a little .125 lower, but then again we might jump .5 tomorrow. I think the highs and lows of the roller coaster will flatten out (5.75 to 6.25)...... Until after the election and New Year. Then as the economy starts to gain a little bit of confidence and jets up off its back and to its knees the rates will hang in the 6.5 range and you know what, that is a rate that we all can live with.
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