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Is the mortgage interest rate going to continue to rise or is it going to go bac

  1. guy6336 profile image71
    guy6336posted 6 years ago

    Is the mortgage interest rate going to continue to rise or is it going to go back down?

  2. DeviousOne profile image74
    DeviousOneposted 6 years ago

    Based on my prediction and economic conditions, it will most likely remain steady and fall by anywhere between 0.5% and 1% over the next 6 - 12 months. If there is any rise during this time, it will be very minor - nothing more than 0.40%

  3. T. R. Brown profile image75
    T. R. Brownposted 6 years ago

    Short term is always tough to call, but over the longer term, it is a virtual certainty that they will go up, perhaps dramatically (due to the monetary easing we have seen over the past few years).  The Fed has committed to keeping them low through 2012 for what that is worth.

  4. guy6336 profile image71
    guy6336posted 6 years ago

    Thanks.  I just sold my house, and of course the rates would go up.  I guess I better lock in soon or the rate will just get higher.

 
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