What's your forecast for mortgage rates for the next 12 to 18 months? Advice wanted.
I'll be getting a new mortgage within the next month and I'm thinking of signing a 2.9% fixed 1 yr closed mortgage.
Personally, I don't think we will see a rate increase in the next 12 months. At the end of my term, I'll look at the trend and decide if I want to lock into a fixed 4 or 5 year mortgage (best current rates for a 4 or 5 year mortgage are in the 3.59 to 3.79% range....) or continue on with another 1 year closed mortgage.
What do you think is going to happen to interest rates in 12 to 18 months from now?
Last edited by Rerun; 05-07-2009 at 04:24 PM.
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