Go Back To Search Results Question what is the best guess on interest rates for home loans in the next six months? I am trying to decide between a rate lock at 6.125 or the current rate at 5.875. We will close on the home in about six months and am wondering what the consensus would be on rates climbing higher the the rate lock of 6.125 in that time period, or if I should just hold out hope for the 5.875. Thanks! By Don H Posted on 10/04/08 Total Answers 2 Answers- At this point it is all kind of good but you will have heck getting a loan for a good while if it is on a house ... Answer by : UnitedTexan On Date 2008-10-04 17:00:23 Due to the weakness in our economy, there is no fear of inflation. Rates go up in inflationary periods. I think the 6 month window is good for low rates. Watch the 30-yr bond...it moves in complete correlation with mortgage rates. However, much longer than 6 months and you'd better run for the hills. The amount of debt and deficit is unreal. The Washington Boys are CRAZY as are the two hopefuls. Rates will be 12% in 2010 due to the weak dollar, China and Japan dumping our debt and our self-imposed trillion dollar wealth transfer to OPEC by allowing oil to go so high and not being self-dependent. Imagine what the housing markets will be like with high interest rates, too. Whoever the next president is....don't spend it if you don't have it. Run this country like it's a business or we all better learn to speak Mandarin. Answer by : katie s On Date 2008-10-04 23:00:28   Go Back To Search Results