HomeLoans Blog

We have really had a fairly good run of interest rate improvement over the last 4 days. Still have a long ways to go if we are going to recover the ground lost since early November, but at least we seem to have established an interest high.

Experts are split on whether stocks will continue the bull market or if bonds will take off and push rates back lower.

My guess is that we will have a brief period with declining rates and then  rates will begin a long steady movement upwards, at least to the mid 5% range. That may be over the next year.

Of course if we are all fooled about the stability of the very slow economic recover, then rates may drop very low again, but we will all be in trouble.

Let's home for improving employment this New Year.

I hope that you have a great 2011.