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(English) Where Are Mortgage Rates Headed?

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2 comentarios
  1. Mike
    Mike Dice:

    With a quick perusal of the Mortgage Bankers Association website I can tell you the following. Here is what they predicted our current mortgage rates would be in their predictions from the last 3 years:

    Oct 2009 prediction for Q3 2012 = 6.3%

    Oct 2010 ” ” ” ” = 5.7%

    Oct 2011 ” ” ” ” = 4.5%

    Actual rate for Q3 2012 = 3.5%

    If we haven’t learned anything else in the last decade we should have at least learned to be wary of “experts” predictions.

    Despite posting this I can say that Steve the the KCM crew give their best advice when they say to purchase a home because of the benefits to you and your family rather than someone in the mortgage or real estate industry giving you stats and predictions about where interest rates or home prices are headed. They, much like the experts, are trying to predict something they have shown little ability to predict.

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