Quote:
Originally Posted by BTC
Are mortgage rates dropping at all? I know that initially they actually increased.
|
Yes, they've increased slightly. I wouldn't be surprised if they go up a lot more. As I mentioned in another thread, the Fed's lowering of short term rates will likely cause long term rates (e.g. 30-year mortgage rates) to go up. It all hinges on bond investors' belief whether inflation can be contained.