Mortgage Rate Forecast Inquiry:
I’m not referring to the 3% level. Instead, I’m wondering if by 2028 we might see mortgage rates fall back into a 4.5% to 5.5% range. Although additional details were requested on Reddit, my question remains focused solely on your forecast for mortgage interest rates. As of now, I don’t see any clear signals suggesting another notable drop. What are your thoughts on the future of these rates?
It seems possible considering policy adjustments and unforeseen economic shifts. I wonder how much central bank moves versus market dynamics will drive these changes. What macroeconomic factor do you think could be the real catalyst for a drop?
Recent trends and economic indicators suggest that while a significant drop to 4.5-5.5% is not guaranteed, it isn’t out of the question either. My personal experience monitoring these trends has shown that even slight shifts in monetary policy or inflation expectations could gradually ease mortgage rates to that range. It’s important to consider that unforeseen economic events typically present a shift in market behavior. Given these nuances, it’s advisable to keep a close eye on inflation data and policy announcements as they will be pivotal in directing this trend.