Wednesday, September 11, 2013

Interest Rate Projections!

Have your Crystal Ball??

Earlier this week, I shared on the Blog the impact of rising interest rates that occur now or later as the Fed determines here shortly if the $85 Billion buy of bonds and such will be reduced or eliminated.

The impact will be higher rates.   As you can see below, some major players in the mortgage industry have their crystal ball projections as to where rates will be a year from now(3rd qtr 2014).

So what is your projection????  

If I were buying a home right now, I would look at these numbers with a wary eye and act sooner than later.   What if they are off by even 1% in the rate?  It would mean hundreds of dollars to a buyer!

Post a Comment