I don’t know if rates are going up or down, I leave that to others to predict. I just tell people the truth about where they currently are.
I also tell people that if you can predict rates correctly, you should trade bonds on Wall Street.
You will make so much money that you can pay cash for a house and not be bothered with a mortgage.
It’s a lot harder than you think to predict rates correctly. Even many “experts” are wrong.
I’d also say that 30 YR fixed mortgage rates are more likely to go up a point or two from here than go down a point or two.
When rates get back near 6%, I can already hear people telling me that they wish they would have refi’d when they had the chance below 5% instead of holding out for a 1/4 of a point lower.
