What do you think will happen to residential mortgage rates for the rest of 2023?

[Katie Miller]

What's your prediction for mortgage interest rates this year? Up, down, or all around? 

What do you think and why? 

Share your thoughts below! 👇👇👇👇

And, if you're still learning the basics of learning the method behind the madness of mortgage rates, check out this article by Lindsey Frankel on our blog to get started! 

Edited to add: If you're curious what the CEO of BiggerPockets (@Scott Trench) thinks on this subject, read more here!

[Michael Hutchinson]

I think they smooth down some.  FYI, I am a lender and there are 3 trains of thoughts that I typically hear bantered around: 

1)  We enter recession - Traditionally, rates fall in this scenario

2)  Inflation continues, Fed keeps on hiking rates and/or black swan event like Russian tactical nuke - Rates will rise again if things feel out of control and the fed raises the fed rates.

3)  We kind stay where we are economically - This should drop rates.  The traditional relative risk when comparing the 10 year treasury and 30 yr mortgage rate is 1.7%.  It hit almost 3% and is moving back down now.  That is key to the recent drop in rates.  If that continues, you should see additional compression in rates.   Chart on this rate spread below to help see the volatility.  

https://www.blackknightinc.com...