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Rates seem pretty high right now. Does anyone have an idea when they're expected to lower again?

by kennyk10 from Fall River, Kansas. 12 days ago Reply


Jim Casson (JimCasson)
#1 ranked lender in Kansas - 12 contributions

Don't hold your breath. Historically, rates are still in great shape. When the national and world economy is strong, rates tend to increase. That is the situation currently.

12 days ago
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The party appears to be over. If you are planning to buy, one can no longer look for the rates to drop. The new norm is starting to form in terms of interest rates. However, historically, rates are still great.

12 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,333 contributions

Rates have been artificially low for 10 years. The Federal Reserve has been purchasing mortgage backed securities by the billions in an attempt to help keep rates low.. the only thing keeping them down was a poor economy.. but since DJT took office, the markets have improved, and everything is on the upswing.. So now the feds have been backing off on quantitative easing... the Fed's are purchasing less and less.. basically letting the markets adjust.. this will result in higher interest rates.. The average consumer looks at it as "rates are going UP".. but in all actuality.. they are adjusting to where they should have been all along.. So, as long as the economy improves, expect rates to continue to rise. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

11 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,697 contributions

High? What???? Rates have been unrealistically low for so long, people seem to have forgotten a lot. I've been in mortgage loans for 27-years. We used to talk about how awesome anything less than 7% was... While rates have crept up from the all time historic lows, with 30-yr fixed around 3.50%, today they are hovering around 4.50%, and are still considered very low.

10 days ago
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