What I'm hoping is that we will see a downturn by the end of summer but who knows! The Federal Reserve i believe is kind of stuck they can't play the were buying all the bonds to keep rates down game for too long! Google China & 10 year bond and you will see that they are asking the Federal Reserve to stop from keeping printing more and more money and buying bonds with it! Or hoping that the Chinese are going to keep buying Our bonds.....
My advise to you would be if your looking to refinance Get your broker or bank to get you approved and then wait for the rate to go down but first remember get yourself approved since if you wait for the rate to go down and then get approved you might miss that low rate since you will not be able to lock in the interest rate if your not approved! and many times banks are taking 30 to 45 days to secure an approval!
Buying a home still makes sense...Prices are really low....Feel free to give a call or email me at anytime! 951-943-2919 or refionce@gmail.com
