What is the predicted trend for mortgage rates in the next 5-10 years?

Posted on Oct 27, 2012 in Unique Loan Programs

Question by BiDeLiEv: What is the predicted trend for mortgage rates in the next 5-10 years?
Any experts out there? I just had a mortgage broker at Chase tell me that they are expecting them to go to “Carter-Administration” levels: 10-12%! Was he just trying to scare me into refinancing with him? Could it really get that bad???

Best answer:

Answer by pagodaboy2001
Yep he is trying to scare you. No one can tell you the future interest rates. There are no experts unless they can see the future.

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