“Interest Rates WILL be going Lower!”
Our renovation project will be completed in about a month, is it time for us to begin the refinance process? I am sure that we have built up a lot of equity and the goal is the refinance and stop the mortgage insurance meter, especially since it is not deductible on our income tax.
Let me know what you think and when we should plan on getting together. As always, thank you
I am seeing the signs that tell me we are moving into a recessionary period in our economy. I know it doesn’t feel like it to most of us, but I also see the bright side. I believe that Interest rates will be much lower.
Over time the stock market will go lower. I have begun selling some of my stock portfolio and over time will be adding to my bond portfolio. Keep in mind, stocks go lower, bonds go higher, and rates go lower.
Most prognosticators over the last couple of years have predicted that mortgage rates will be in the 5’s or higher. I have no clue what crystal ball they were looking at, but that has not happened or is going to, anytime soon.
What is your crystal ball telling you?