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Which way do you think interest rates are going to go?

By My Essistant

Services for Real Estate Pros with MyEssistant

May 18, 2007 04:06 PM

Which way you think interest rates are going to go the rest of this year...

Four hundred members took part in the California Association of Mortgage Broker's fifth annual survey during the months of October and November 2006. Here is what THEY thought .... (how do your own opinions compare?)

- 36% of members believe that interest rates will rise by less than one percent.
- 29% of members believe that interest rates will remain the same.
- 26% felt rates will decrease by less than one point.
- 7% felt rates will rise by more than one point.
- 2% felt rates will decrease by more than one point.

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Patrick Harfst

Realty Executives - Phoenix AZ - Gilbert, AZ

I vote for rates remaining the same. It is an election year comung up, and political pressure will be to not rock the boat. Somewhere between 6% and 7%, next year this time.

May 18, 2007 05:03 PM

Beth Bastian

Rosemont Financial Inc - Simi Valley, CA

Simi Valley Real Estate

I am going with staying the same. I think the low 6% range for next year.

May 18, 2007 05:41 PM

Julio Anchante

Century 21 M & M and Associates - Vacaville, CA

CRS, Vacaville, CA - Home Search

I say stay the same. I think low 6%.

May 18, 2007 06:01 PM

Jim Lee, REALTOR, CRS

RE/MAX Shoreline - Portsmouth, NH

Buying or Selling? Ann & Jim are the local experts

Gosh, you mean no one really knows??? ;-)

I vote for slightly up to about the same. Not much reason for significant increase.

May 18, 2007 10:28 PM

My Essistant

MyEssistant - Santa Monica, CA

WOW! Thanks everyone! Seems there is a consensus (at least on ActiveRain!). Rates will remain around the same for the next year or so (hovering around the 6% - 7% range).

May 19, 2007 03:40 AM