re: Anyone have insight on how high mortgage rates will go?

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Hardly. Collapsed would imply they’re back under 5 and dropping.

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You don’t get to make up the definition of collapsed.

Rates have fallen by more than 75 bps in the last month. That’s a massive move for long term rates, particularly in the face of everyone in this thread saying they’d be 9% by now.

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You don’t get to make up the definition of collapsed.

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You did, and looked stupid

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mean… “collapsed” is objectively a ridiculous word to use to describe the slight drop in rates recently.

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In a thread where 9% was the consensus, on a board where everyone seems to believe inflation won’t stop anytime soon, falling 75 bps in a month is collapsing. Trying to minimize it in the context of this thread would be ridiculous.

10y treasury prices have risen 7% in the last month - that’s a massive move in a year of massive moves in both directions.

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7-8 range, stabilize 5.5-6.

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This is what I said in September as the max. Feeling pretty smart with my guessing.

Where are you seeing 30 year mortgages for 5.5?

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They’re terrible lenders if they think the Fed funds rate impacts mortgage rates in any significant way.

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Then quite literally every lender in every company is a terrible lender by your standards. I talk a lot of them on a regular basis.

Has anyone bought points to lower an interest rate lately? Just curious of the current price per point.
I’m looking to build a home in the next 1-2 yrs. With lumber prices back to somewhat normal. Was wondering if it is worth to to build sooner and buy points to lower my interest rate to a reasonable number.

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Has anyone bought points to lower an interest rate lately? Just curious of the current price per point. I’m looking to build a home in the next 1-2 yrs. With lumber prices back to somewhat normal. Was wondering if it is worth to to build sooner and buy points to lower my interest rate to a reasonable number.

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It’s pointless to worry about interest rates right now if you plan on waiting. When we started in February, we couldn’t lock in a rate for when it was time to close as our lender only did construction loans, but gave us a great rate compared to others. At that time lumber prices were high but had recently come down slightly. They tell you when lumber prices are high, interest rates our usually low and vice versa. Well, we certainly got the shaft. Lumber prices were up compared to years past and low and behold, once the lumber usage of our home was done prices came down and now interest rates have climbed. That’s why I started the thread months ago hoping to get some sort of opinion. Interest rates have started to ease but nobody really knows for certain the way the economy has been. Best of luck.