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Mortgage Rate Predictions

Posted on 9/27/22 at 12:35 pm
Posted by PotatoChip
Member since May 2014
3481 posts
Posted on 9/27/22 at 12:35 pm
After seeing rates 7-7.75 percent on the 30 year, what’s everyone’s prediction on where rates will go this year? I really thought 6 was the top until the horrible news cycle the last month. Rates went from under 5 to over 7 in thirty days…
Posted by wickowick
Head of Island
Member since Dec 2006
45791 posts
Posted on 9/27/22 at 12:47 pm to
8.25% based on on a wild guess
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73159 posts
Posted on 9/27/22 at 2:21 pm to
Will be under 5 in Q1
Posted by llfshoals
Member since Nov 2010
15340 posts
Posted on 9/27/22 at 2:34 pm to
Over 8 by year end, very possible to hit 9 by February.

Lenders I know are anxious. I sell a fair bit of real estate, and they’re calling me a lot more lately.
Posted by Simon Gruber
Member since Mar 2017
833 posts
Posted on 9/27/22 at 3:00 pm to
Will start dropping in December and trickle down next year.
Posted by MrJimBeam
Member since Apr 2009
12250 posts
Posted on 9/27/22 at 3:16 pm to
7-8 range, stabilize 5.5-6.
Posted by lsu13lsu
Member since Jan 2008
11471 posts
Posted on 9/27/22 at 3:51 pm to
Mid 6s is the Long Term average for the 30 year. I am reading it is going at least another 0.75 up from here. 8.25% seems about right. But, it will not hold there. It'll drop back to mid 6s.
Posted by hawkeye007
Member since Feb 2010
5843 posts
Posted on 9/28/22 at 10:25 am to
monday 30yr purchase was 7.875% today it's 6.875% its a wild ride these days. I think 2nq qtr next year we start to see them stabilize near 5%. these rates are correcting the housing markert very quickly
Posted by shoelessjoe
Member since Jul 2006
9891 posts
Posted on 9/28/22 at 9:15 pm to
quote:

monday 30yr purchase was 7.875% today it's 6.875% its a wild ride these days. I think 2nq qtr next year we start to see them stabilize near 5%. these rates are correcting the housing markert very

Where are you getting these interest rats from? Where did you see that it went to 6.875%?
Posted by hawkeye007
Member since Feb 2010
5843 posts
Posted on 9/29/22 at 11:27 am to
i work at Hancock Bank as a mortgage loan officer i check rates every morning. edhawk75@gmail.com if you need a rate quote just shoot me an email.
Posted by Strannix
District 11
Member since Dec 2012
48832 posts
Posted on 9/29/22 at 12:06 pm to
12.35% top
Posted by shoelessjoe
Member since Jul 2006
9891 posts
Posted on 9/29/22 at 8:58 pm to
Thanks
Posted by Puttmail_393
Member since Oct 2020
338 posts
Posted on 10/2/22 at 8:39 pm to
Your right. These other idiots don’t understand the PRINCIPLES to start. It’s simply Give and Take. they will run the numbers up to 11-12-13-14 whatever it takes to get all the free monies back that were pumped into the economy during Covid. The general public will hurt very bad after this one. All of the free disposable cash was transferred to Jewelry stores (jews), fees and investments in banks (jews), New and used automobiles selling for 30-40% more that value (Top 5%), Gasoline(arabs), Housing market homes selling for 30-60% over value (banks, small investors, homeowners who purchased even bigger homes than they could previously afford) most of those monies won’t go back to the Gov which means it will rest assured as the banks profits which will never be re-distributed to the general public which mean that this entire defect will be placed on the back of future generations (near future generation).
Posted by texas tortilla
houston
Member since Dec 2015
1790 posts
Posted on 10/2/22 at 8:47 pm to
Fed has an emergency meeting tomorrow. Things are starting to break around the world because the dollar is so strong. Maybe a pivot is on the way. Markets will be crazy tomorrow.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51449 posts
Posted on 10/2/22 at 9:01 pm to
quote:

Maybe a pivot is on the way.


I don't think a pivot is in the cards, but very possibly a pause (at least a theoretical one to give markets a chance to catch their breaths before moving ahead with .5 in November as planned).
Posted by tigerbaiter1033
USA
Member since Nov 2011
2305 posts
Posted on 10/2/22 at 9:11 pm to
Just got a sweet off market opportunity to buy a home but seller wants no contingency. Makes me sick going from a 2.75% to 6.5-7% and I’m spooked if my house doesn’t sell immediately and then rates get hiked
Posted by Billy Blanks
Member since Dec 2021
3779 posts
Posted on 10/3/22 at 6:49 am to
I think we hit 8 at some juncture.
Posted by hawkeye007
Member since Feb 2010
5843 posts
Posted on 10/3/22 at 10:59 am to
get ready to be spooked, also i am seeing more contingency offers on homes right now.
Posted by Billy Blanks
Member since Dec 2021
3779 posts
Posted on 10/3/22 at 11:12 am to
quote:

also i am seeing more contingency offers on homes right now.




Which will help a segment of buyers who otherwise refused to move so they "woldn't be homeless."
Posted by gaetti15
AK
Member since Apr 2013
13354 posts
Posted on 10/3/22 at 11:14 am to
bout to sell a condo in Anchorage and the buyer wants to rush the process because of his interest loan locked in rate!

Definitely going to be Spooktober soon
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