Anyone have insight on how high mortgage rates will go?

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Anyone have insight on how high mortgage rates will go?

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Anyone have insight on how high mortgage rates will go?

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All the way to the top.

8% by year end depending on the area. I wouldn’t be a bit shocked to hit 9% by April

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how high mortgage rates will go?

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There's a direct correlation with how retarded the Fed wants to be in the time between now and when you lock your loan. Just a little advice: anybody (even in the industry) that talks about rates next year with any degree of certainty is not somebody you should trust.

Just for reference loans funding right now are still 5-5.5%

At least as high as the inflation rate. Whatever that may be….

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if I remember correctly

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nobody is holding their breath

Yeah, funny enough we've been talking about revenue optimzation stuff where I work today.

I'm talking about street prices. Those are lender specific prices they are quoting you that include the branch margin and the corporate margin and all of the fees associated with it, and then of course the borrower specific attributes. So in other words they might not be competitive versus the aggregate market but maybe they are in your area. I can't imagine high demand for that loan on the secondary market which is why I'm struggling with how high they can realistically go. But ignore people saying 18% when they are trying to answer your question

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Can I expect to have a 9% interest rate by the time this is over?

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Yes. At least.

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Yeah, I understand that but you're talking about basically two entirely different industries at that point.

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Oh I know, I don’t begin to understand the secondary market. I deal mainly in the (for lack of a better word) primary with the buyer/lender. Most of the time I’m making those introductions.