prediction: Are We Headed Toward 7% Mortgage Rates?
- 06/11/09 02:07 PM
Seriously, I'm holding out until rates goes to 4%. The newspaper and media experts all told me it would happen. Heck, even the US Treasury Department talked about it. But here we are at 5.75% (in a matter of a few weeks, after being closer to 4.875% for months) and there's a pretty good chance we are headed toward 7%. Many blogs ago, I predicted we'd hit 5% (rates were about 6.25% at the time) and just this evening a fellow brother in the mortgage industry, KEVIN HANCOCK, commented on my lucky prognosticating and asked where I thought we were heading. Back to … (5 comments)
Seriously, I'm holding out until rates goes to 4%. The newspaper and media experts all told me it would happen. Heck, even the US Treasury Department talked about it.
;)
;)
