I found this fascinating quote today:
The roller coaster is headed back up again, and this time it may be a steep climb. The Mortgage Bankers’ Association forecasts that 30-year mortgage rates will increase through 2010 to end the year at 5.7%. Freddie Mac predicts an even grimmer future, expecting rates to get to 6.0% in 2010. Morgan Stanley thinks they’ll go even higher to 7.5% or 8% … levels we haven’t seen since the year 2000.zillow.com, Mortgage Rates in Review…and a Look Ahead, Dec 2009
You should read the whole article.
