There are a lot of people out there with blogs that try to predict what rates will do. It is our human nature to try and look smarter than what we are. Mo body can predict what interest rates will do for the future much less the next week or month.
This is what I tell people is that if your purchasing a home. When I qualify you I do it at a higher rate than what is available right now. Here is why. Most people what rate you tell them this is what will stick in their mind. They don’t care if rates changes. I’m the professional and that is what they herd. So when I come back with a lower rate all is good. My mentor taught me this one thing above all else. It better to come back with a lower rate than say rates have risen and you’ll have higher payment.
If you’re refinancing that is totally different. All on my refinances are past customers or referrals. So there is a level of trust that is established. I don’t buy list of customers to refi. That is what short term loan officers do. If you buy list of customers you’ll spend all your time trying to build trust.
This is my thought on predicting rates.
