Quote:
Originally Posted by roastbeef
interesting. the lender i'm talking to is urging me to hold off for a little bit longer. he's speculating the rates are going to go a little lower- and so far, he has been spot on since may when i approached him about rates and a refi. he seems to think there is a perfect storm brewing with the fed's involvement, an election coming up, and a possible trade war.
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Note the bold.
Little lower. This is exactly what
2000cs stated. I can see mortgage rates dropping 10 or 20 BP, perhaps, but the long term economic outlook isn't negative to any dramatic degree, and as such, one shouldn't hedge that the current mortgage rates are going to drop significantly.