Real Estate Forecast – Interest Rates

Of course I have to talk about interest rates. Interest rates are still volatile. It has been a roller coaster ride for the last month. Rates go up and go back down as the Fed and the stock market reacts to new information. Last week we received news that the Fed is planning on raising rates again. Ugh! Everyone is wondering if rates rise back up to 7% again? I’d say most likely yes in time. However, current market data suggests that mortgage rates will decline again soon, or even more in early May.

We are heading to that area when mortgage rates will be adjusted lower than the Fed’s rates to try and balance the real estate market. How long will they do that is the question.

For years I have followed someone I consider to be one of the best mortgage advisors in the nation. His insight is spot on. In fact, I haven’t known him to make a bad prediction yet. Here is his take on where interest rates and the real estate market are headed this spring. It’s well worth the hour of your time to listen if you are in the market to buy or sell this spring.

Bottom line, if you are looking to make a move in the next few months, there are many programs to reduce your mortgage rates. You just have to know where they are and how they work. And, again, I can help you figure out what options would be best for you.