Deleted
Joined: May 2, 2024 23:14:17 GMT -5
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Post by Deleted on May 2, 2011 17:29:50 GMT -5
I'm under 60 days out on my new home closing, so I'm trying to read the tea leaves for future mortgage rates. Rates have been trending slowly down and it looks like 30 year fixed conventional are 4.75% on average.
For those "in the industry", what is the expectations on treasuries in the short term with the debt ceiling deadline, QE2 winding down, and a slowly growing economy?
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formerexpat
Senior Member
Joined: Dec 18, 2010 12:09:05 GMT -5
Posts: 4,079
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Post by formerexpat on May 2, 2011 20:05:17 GMT -5
Treasuries will continue to float around current levels, maybe between the 4.75% you are seeing up to 4.875% but will jump after QE2 is complete.
If you are within 60 days and don't have to pay to lock [or even if the break even for locking is reasonable], I would lock now if I were you. It is doubtful that you're going to see rates decrease.
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