Mortgage Rate Gamble

Is History About to Repeat Itself???

   One of the greatest gambles today is in Last Vegas or playing the lottery....

   The greatest gamble is waiting out
               lower 
                          Mortgage Rates

 Rates have been in 5% range or below since
               DECEMBER 2008 
       And we were teased when rates dipped below
                  4% for a few moments in the late 2010.

Yet the party may be over!!!

    Rates have ticked up to 4.25-4.5% range in the past couple of weeks with many mortgage watchers seeing the market lean toward higher rates.

   Thinking you should ignore this sentiment as it
is identical to that heard in late 2007 and 2008 when rates were in the 6 % range for the 1st time 
in a couple of years???  Remember what happened in 2008 and since....want to go through that again???

      The basis for the belief that rates will move higher is simple....INFLATION!! 

    Been awhile since we heard that word.  But with
the large National Debt, new "insertion of capital"(i.e. printing more money) by the Fed, any kind of economic growth, INFLATION could be a real possibility.  A bit of INFLATION is good; lots of INFLATION could derail an economy.

With INFLATION comes higher cost of money....higher interest rates.


If you are locked into a low 4-5% mortgage, great!!!  You are protected.

If you and your family really needs a larger, smaller or just a different home, you are gambling if you think rates will go down!! 


Take the sure bet!!! Refinance or buy now!!!


Think differently...express yourself!!!  Love to hear your point of view...we can talk about it!