Are Mortgage Rates Predictions Accurate?
Have you come across a mortgage lender who said they can predict what would be the mortgage rate next year? Mortgage rates predictions are not easy to calculate and no one can really foretell in definitive terms what mortgage rates will be in the future. There are statistical calculations, financial and economic factors that can suggest what are the possibilities. But never in absolute terms, so if you heard from someone what the mortgage predictions are, they probably trying to sell you something. The phrase mortgage rates predictions are too bold and vague. But do not get me wrong about this. What they are trying to convey here is the short term or the long term rates possible trend. For instance, the short term trend will stable and the long term trend will be going up. Things like this are what they are basically trying to do. But they do not put numbers as this is impossible to do. Trying to predict where the mortgage rates are going is like playing the Russian roulette, except th
