Does it seem like rates are going back down?

I haven't checked in a few days, but I thought when I looked last week at my bank, it was 5.875, today 5.375. Are we on the decline, or temporary dip?

Re: Does it seem like rates are going back down?

Wondering the same thing....trying to decide if we should lock our refi today.

Re: Does it seem like rates are going back down?

We just met with our mortgage broker on Monday and he said even he's unsure - they're just watching it for now. He didn't seem to think we'd see that extreme low of 4.5 but that it could go back down to 5.

Re: Does it seem like rates are going back down?

Right there waiting with you girls...

Hope it makes a huge dip!

Re: Does it seem like rates are going back down?

Oooh I hope so too, as we are trying to refi.

Although historically, the rates tend to trend higher during the summer. So I hope this is not just a temporary dip. There are so many factors involved.

Re: Does it seem like rates are going back down?

We did it!

We bought two points to get ourselves down to 5 which is where we wanted to be with our loan so we pulled the trigger and locked. It's a huge savings from our current rate!

To all of those still waiting it out to lock.... for you that they will just continue to dip!