What's everyone's thoughts for 2023??
Post Reply
1 of 1
Interest Rate Predictions?
3,393 Views |
13 Replies |
Last: 3 yr ago by jja79
For at least the first half, rates continue up, even less people can afford to buy a home.
Two bumps in the first half of the year
Which rate? There are a lot of them…
Haha very true. Think standard conventional 30 year home loan.
has to go up for this year. Stabilize in Q4 then gradual decline in '24 and '25.
In that case, I'll say 5.5 at year end.
Here is MBA's forecast from December 2022
https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf?sfvrsn=b584bf7_1
5.2% for year end 2023
4.4% for year end 2024
https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf?sfvrsn=b584bf7_1
5.2% for year end 2023
4.4% for year end 2024
Red Pear Realty
Joined:
Aug 2, 2018
Posts:
4,354
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
Mortgage rates do not directly track the Fed's target rate but this is a very good tool to gauge the markets perception of rates over time.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
The mortgage rate market prices in anticipated Fed actions ahead of time.
Track the 10 year US Treasury
It's the best barometer of rates in my opinion.
Track the 10 year US Treasury
It's the best barometer of rates in my opinion.
Red Pear Realty
Joined:
Aug 2, 2018
Posts:
4,354
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
Correct, however, the question was "prediction of future rates?" not "what is the rate today?" so the 10 year treasury today will not tell you what rates will be in three months, six months or a year.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
I think op was looking for guesses because no one knows.
Red Pear Realty
Joined:
Aug 2, 2018
Posts:
4,354
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
"No one knows". Truer words have never been spoken.
If someone says they know for a fact what interest rates will be, and they aren't already a billionaire from making money of their bets, they are full of it.
If someone says they know for a fact what interest rates will be, and they aren't already a billionaire from making money of their bets, they are full of it.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Amen
Featured Stories
See All
8:24
4h ago
1.7k
Le'Veon Moss is confident he's an NFL-caliber tailback
by Olin Buchanan
Saturday's Showdown at Reed is a potential bubble-burster
by Luke Evangelist
4:37
5h ago
973
8:03
13h ago
1.3k
Setting the Scene: Stakes rise even higher as rivalry renews at Reed
by Luke Evangelist
Captn_Ag05
FINAL/7 from Globe Life: No. 23 Texas A&M 10, Virginia Tech 0
in Billy Liucci's TexAgs Premium
6
SVR44
FINAL/7 from Globe Life: No. 23 Texas A&M 10, Virginia Tech 0
in Billy Liucci's TexAgs Premium
5
AggieBucksJB
FINAL/7 from Globe Life: No. 23 Texas A&M 10, Virginia Tech 0
in Billy Liucci's TexAgs Premium
4
KrissKross21
FINAL/7 from Globe Life: No. 23 Texas A&M 10, Virginia Tech 0
in Billy Liucci's TexAgs Premium
3
aglaw22
FINAL/7 from Globe Life: No. 23 Texas A&M 10, Virginia Tech 0
in Billy Liucci's TexAgs Premium
2
Hambone09
FINAL/7 from Globe Life: No. 23 Texas A&M 10, Virginia Tech 0
in Billy Liucci's TexAgs Premium
2