Reported about 5 hours ago
In a recent discussion on Capitol Gains, Chris Whalen from Whalen Global Advisors expressed concerns about the future of mortgage rates, forecasting that while short-term rates may decline, long-term rates could climb significantly. Whalen believes that unless 30-year mortgage rates drop below 5%, refinance activities will remain stagnant. He anticipates that 8% mortgage rates could emerge by mid-next year, driven by increasing national debt and anticipated actions from the Treasury and the Federal Reserve.
Source: YAHOO