Does anyone have any predictions on future mortgage interest rates? Advice on rates?

Question

Curious if you all think the rates will go up, down, or maintain.

What do you think it will be at?

Are you all still finding deals with the current rates?

Relatively new to investing with only one investment property, and wondering how to find any deal with rates this high.

Are you all leaving more in each deal to make it work?

Thanks!

Greg Scott · Answer

They will go down and then up and then down. The Fed will do what it does.

My point is, I would only buy a deal that makes sense the day you buy it. Don't rely on the Fed to bail you out.

Account Closed · Answer

When rates hit 12%, I pause my buying.

Napoleon DeCiutiis · Answer

According to Barry Habib, the market will reduce interest rates around May/June and the price of homes will then go back up. The Fed bought out all those securities, underestimating the ability of everyone to work during COVID and created the last couple of years....It's all leveling out right now.
Everyone has the "I wish I never would have sold that house" story- there are still great deals out there and today is still a great time to buy.

Chris Seveney · Answer

@Joshua Sun

Assume they will be between 4.5-7.5 for the next 24 months.

Inflation figure will be a big drop this month since last March was really high, but it’s still nowhere near 2% rate they want to get to and will not unless we completely crash the economy (which could occur) then at that point it will still take 2 years to bring rates down.

Does anyone have any predictions on future mortgage interest rates? Advice on rates?

Does anyone have any predictions on future mortgage interest rates? Advice on rates?

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