Mortgage Blog

It is around 3.1%  this week. It was at 3.11% on May 17th, 2018, then it went back as low as 2.77%. I think it might go down sometime, but it will not touch previous low for some time. So if it goes lower, then it will go around 2.9%, then back 3% level again, and then a little bit higher level, like 3.2% etc. I know Goldman Sachs predicted 3.25% at the year end.

For the interest rate, 30 yr fixed rate will reach 5% sometime next year. and 5/1ARM & 7/1ARM 4.5% +/- 0.25%. Remember, 5/1 ARM was around 5.5% in 2006-2007 when the economy was "hot".