When Are Mortgage Rates Coming Down? My Answer Might Surprise You [82MtBVp28OB]
Everybody keeps asking me: When are mortgage rates finally coming down? Here's the answer: Not anytime soon. There are three forces pushing on those rates right now—and none of them point to a major drop. The Middle East situation has no end in sight. The Fed's betting rates stay flat. The job market is solid, oil is high. Add it all up: Mortgage rates probably aren't going anywhere for the next year to year and a half. Maybe down a bit once things quiet down, but don't expect them to drop significantly below 6%. That's the bad news. But here's the good news: This creates serious opportunities. Tomorrow I'm breaking down exactly what those opportunities are and how to take advantage of them. Part 1 of 2