Do you think the mortgage rates would stay flat for some time until FY13?

Asked by Dhiraj, Sunnyvale, CA Mon Sep 17, 2012

I am wondering what the consensus is from the community? the rates havent moved up in a while and while economy remains flattish and housing stats don't move north, there is high chance that rates won't go anywhere in the near term. any opinions?

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John Arendsen, Agent, Leucadia, CA
Tue Sep 18, 2012
According to Bernake's QE3 $40B/mth program interest rates won't move much if at all until 2015.
1 vote
Trevor Curran, Mortgage Broker Or Lender, Great Neck, NY
Thu Sep 27, 2012
Hi Dhiraj,

I've been a mortgage professional for 23 years and I can answer your question this way: no one can predict where interest rates are going.

Trevor Curran
NMLS #40140
0 votes
John Arendsen, Agent, Leucadia, CA
Tue Sep 25, 2012
The longer we hold intererst rates down today the worse it will get when we finally have to pay the piper. INFLATION.
0 votes
allan erps,A…, Agent, Pearl River, NY
Tue Sep 25, 2012
Think the low rates are a safe bet for the frorseeable future as we weed through the Short Sale & Foreclosures.
0 votes
Juliana Lee, Agent, Palo Alto, CA
Tue Sep 25, 2012
During an election year it always seems that roads are repaired and other government spending increases to make voters feel like things are getting better. I'm not hearing any talk of the spending causing worries of inflation.

On September 14, Vanguard summarized Bernanke with "Mr. Benanke said, the Fed will hold its target for short-term interest rates at 'exceptionally low levels' - almost 0% - through at least the middle of 2015. He held the door open for interest rate targets to remain low even if economic growth picks up."…

Besides home buyers benefiting from lower monthly payments when interest rates are lower, they build equity quicker even with the lower payments.…

Juliana Lee
Keller Williams Realty
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0 votes
Elena Talis, Broker, Palo Alto, CA
Mon Sep 17, 2012
I don't expect any dramatic moves in the near term. But don't underestimate the affect of politics. Things may start changing faster after the elections.
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