About three weeks ago we saw interest rates hit as low as 5.3. As of Friday morning they were at 6.125. That is quite a change in just a few weeks. When the rates hit 5.3 I asked some lenders what they felt the rates would do and although they wished they could really figure it out, they thought they would not drop much more and would start increasing. Here we are today with rates almost 1 percentage higher, so their 'gut' feelings were correct. I am interested to find out what this week holds as far as interest rates.
Any predictions on the short-term and long-term interest rates? If so, leave your comments here! I would love to see what others are thinking.
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