Any one care to give their predictions if rates will go down much in the next few months. I know there are a lot of people out there that follow the markets and indicators very closely.
This is what RealEstateABC.com had to say about future rates:
Interest Rate Future
In spite of the bump in rates at the end of May, we do not anticipate a sustained surge. A gradual increase may continue for the next few months, though very slowly, but as economic statistics continue to compile, we think it may show a slowing economy with inflation under control. That would probably send interest back down.
As always, no predictions can be guaranteed.
Pretty safe prediction.
Any predictions on the real estate market coming back to steady ground?