💰💰Financial question💰💰

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💉СУГЦЅDAVIГЦЅ💉 Nov 14, 2016

Anyone here good at predicting future financial happenings? Since the election, mortgage rates are up almost a half point. Where will rates go in the next twelve months?
CopperTop Nov 14, 2016

Up 1 point
DAS HYENA™ Nov 14, 2016

Please provide the source of this 50 bp rate increase. Sounds like some Democrat rhetoric as I see no evidence of such claim. Current bet is that Fed won't raise rates yet this year so look for a blip in rates with a mortgage broker, not a mortgage banker.
BigAl! Nov 15, 2016

Well, LUCA, if you follow daily rates, you will see that rates spiked today. I believe it has more to do with a sell off of treasuries in exchange for equities. The market prefers certainty. Now that the election is over investors are less concerned about risk.
λΙΙuviøη Nov 15, 2016

The fed will raise rates at their next meeting. Guaranteed. Mortgage rates are at a low point, they will only go up from here. If you're planning to buy, buy last week.
BloodyFarts Nov 15, 2016

Quicken loans called me, they said stated interest rates were raising as a market prediction. My best guess is rates will start to raise soon. Idk how much. I hope trump drops PMI and raises rates. PMI just pretty high right now. But on the plus, higher rates will lower sell value of homes. IMO
dudeness Nov 15, 2016

Not the smartest guy, but...Fed will raise 25 @December mtg. As the tax/infrastructure plan comes in place, Fed will do another 25 or possibly 50 at next two mtgs as full employment coupled with massive growth stimulus will trigger inflation. Alas, the Fed is about a year behind the curve (look at equity/bond differential) so it is too little too late. A recession is about a 80% certainty. Media will blame Trump, but the numbers were baked in by Fed's tentativeness to use monetary policy. Would have been the same outcome w/Secy Clinton. Our only hope now is a fiscal policy correction, but it will take a bit of time to feel impact. Reagan took 3 years of tax/regulatory reform before economy responded. Trump (or Hillary) will/would face same time line. But again, I'm still playing TW, so how smart could I be?