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re: 30-year fixed-rate mortgages reach 7.15%
Posted on 10/19/22 at 8:51 am to RougeDawg
Posted on 10/19/22 at 8:51 am to RougeDawg
quote:
Please explain
The infaltion report was so fricking high Last Oct that when we get the reading for this Oct it will be lower causing rates to drop as infalation will have seemed to peak
Feds will hike twice more to show the fight causing rates to go lower. Add in that they will go dovish and start QE imo in Q1 will also drive it lower
Every single recession we have had rates drop
Also rates are not 7.15 so it needs a 1.5 drop and we are at 5
Obviously they could go to 20% and the world is over im just optomistic
1
Posted on 10/20/22 at 8:04 am to SDVTiger
SDV is correct. As someone in the mortgage industry rates will lower in Q1. The inflation numbers will start to fall here shortly
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