/biz/ - Business & Finance

Consider that mortgage rates may actually go even lower. Yes that's right LOWER than 2.7% for you. This is my thought process:
>Inflation metrics that the Fed uses are currently not high enough for them.
>Combine that with very recent equity market decline.
>Fed will continue MORE quantitative easing.
>QE lower yields - causes banks to lower interest rates on all loan products.

If you want to see how this will eventually play out, look at gay countries like Denmark that have NEGATIVE mortgage rates. In 2019 Jyske Bank A/S started offering a mortgage loan with a -0.5% interest rate. Get paid to borrow money to buy a house. This was 2019 where there were no major deflationary shocks like we had this year.