Mortgage Rates Headed Higher?

[Huckleberry]

Freddie Mac said Thursday the 30-year fixed-rate mortgage average hit an 11-week high on inflation jitters. The 30-year fixed-rate mortgage averaged 6.08% with an average 0.6 point for the week ending May 29. Last week, the average was 5.98%, and last year at this time it was 6.42%.

So, what do all the piggs think will happen to 30 yr. mortgage rates over the next 6, 12, 18 and 24 months?

I personally believe inflation is heating up not only in the US but in Europe as well, which will drive the 10yr Treasury note and LIBOR up.

Considering this, my thought is that 30 yr. mortgages will be around 6.5% by the end of 08.

Any thoughts?

Let’s please try basing the analysis on facts we know about the economy and data figures coming from financial markets…

[capeman]

Take a look at the 5 day on the 10 Year T. I looks like higher mortgage rates may be coming real quick if this keeps up.

[capeman]

Take a look at the 5 day on the 10 Year T. I looks like higher mortgage rates may be coming real quick if this keeps up.

[capeman]

Take a look at the 5 day on the 10 Year T. I looks like higher mortgage rates may be coming real quick if this keeps up.

[capeman]

Take a look at the 5 day on the 10 Year T. I looks like higher mortgage rates may be coming real quick if this keeps up.

[capeman]

Take a look at the 5 day on the 10 Year T. I looks like higher mortgage rates may be coming real quick if this keeps up.

[Author]

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