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I'll give you an answer

Posted on: December 13, 2022 at 12:28:50 CT
JimD MU
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Read the Fed announcements. Once you know the current Fed Funds Rate plus what the Fed is likely to do at their next session, you can find out what relationship consumer mortgage or commercial rates have to the Fed Funds Rate and approximate the current and near term future rates. Current Fed Funds Rate is 3.75% to 4%. The Fed has indicated that it's likely to go up another 50 bps (1/2%) next session.

A local credit union currently has fixed 30 rates for home purchases with great credit at about 6% currently, so Fed Funds Rate + 2%.

Every lending market is different as I'm sure you're aware. Projections into the future are a WAG, because the Fed can change course with little advance notice.
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market interest rates - meatiger MU - 12/13 11:06:29
     I'll give you an answer - JimD MU - 12/13 12:28:50
          That is a central planning answer - meatiger MU - 12/13 13:44:07
               One and three are true and inherent in my explanation - JimD MU - 12/13 16:45:05
          that isn't what he asked (nm) - ashtray UF - 12/13 12:36:52
               It is what he asked - JimD MU - 12/13 16:39:47
               And yet you haven't answered(nm) - tman MU - 12/13 13:36:15
                    I thought your answer was sufficient - ashtray UF - 12/13 14:24:31
                         I almost always discuss, but I am good with this one(nm) - tman MU - 12/13 14:57:46
     Doubling down on stupid today I see(nm) - tman MU - 12/13 11:15:38
          Do you actually discuss anything on here?(nm) - meatiger MU - 12/13 11:17:06
               Yes. There is a simple answer and you already know it - tman MU - 12/13 11:44:34
                    I get that - meatiger MU - 12/13 13:39:14
                         That depends on the two parties involved - tman MU - 12/13 14:58:44
     BOAISY(nm) - dangertim MU - 12/13 11:10:01




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