Guesses on interest rates a year from now

[Anonymous]

Asking the impossible? What do you think (or people you listen to and trust) will happen to interest rates across the upcoming year? 7.5% today to?

Any chance it'll drop down to 6% or below?

[Anonymous]

No movement. High interest rates help the economy absorb the cash it was fed during covid.

Let's say the economy was at a healthy weight going into covid. Then it gorged itself on cheap money without substantially increasing its output of goods and services. It's overweight now and has to go on a diet. It can't just magically come off the diet until the output of goods and services catch up to the money supply.

[Anonymous]

They’ll be up, or maybe down. Or maybe they’ll stay the same.

[Anonymous]

If you have the ask, find a rental.

[Anonymous]

Hoping next move is up.

[Anonymous]

I’ve heard predictions of rates falling to high 6’s late this year after the election and mid 5’s in 2025.

[Anonymous]

Anonymous wrote:If you have the ask, find a rental.

I own. Bored with house and would like to trade up. 20% more space would be perfect. But under current rates it means more than doubling current mortgage! I can justify it if rates are closer to 5%.

[Anonymous]

6% or more

[Anonymous]

Anonymous wrote:If you have the ask, find a rental.

I disagree. Everyone is asking and nobody knows. But either the rate will go up or stay the same, in which case this is as good a time as any to buy, OR the rates will go down and you can refinance.

[Anonymous]

If Trump wins then down.

If Biden wins then same or higher.

[Anonymous]

10%

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you have the ask, find a rental.

I own. Bored with house and would like to trade up. 20% more space would be perfect. But under current rates it means more than doubling current mortgage! I can justify it if rates are closer to 5%.

Prices will probably go up if rates go down, so I'm not sure this will help.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you have the ask, find a rental.

I disagree. Everyone is asking and nobody knows.

Not Everyone. I'm not asking.

Nor would anyone ask who has already determined "I am financially comfortable making payments at the current rate of interest".

But either the rate will go up or stay the same, in which case this is as good a time as any to buy, OR the rates will go down and you can refinance.

It's not a good time to buy if the borrower isn't comfortable making payments at the current rate, and/or turning to DCUM for macroeconomic speculation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you have the ask, find a rental.

I own. Bored with house and would like to trade up. 20% more space would be perfect. But under current rates it means more than doubling current mortgage! I can justify it if rates are closer to 5%.

Either you are comfortable with current rates, or you find 20% more space in your current dwelling.

You are not considering talking yourself into major financial decision-making predicated on DCUM "guesses".

[Anonymous]

They’re going up. The spring market seems as hot as it ever was- lowering the rates would just fan the flames further.