It is true that the long term rates to move slightly every day, however it is not likely to see them dip very much at all in the near future. Contrary to what many people think, the long term rates are not directly related to what the Fed does with their discount rate. Banks right now are not in a position to lower interest rates beacuse of recent hugh losses for almost every bank / lender in the country. ian_cameron@countrywide.com
The market is turbulent right now. While rates might possibly dip lower at one point, the question is what rate YOU could get a loan for, and if it’s not a fixed rate then all bets are off. If the market temporarily dips it doesn’t mean anyone is going to be handing out fixed rates at a better percentage in the near future.
Nobody knows this- I have been working in mortgage business for the last 22 years & we have no more insight to this than you do. The rates sometimes change every day- even more than once a day.
who knows, but I don’t think so.
The talk on wall street is that the feds will NOT lower rates again. Inflation is the worry.
Plus when they lowered rates before, mortgages didn’t change and some cases, increased.
RATES ARE GREAT NOW.