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Will we see rates under 4% again?

The title is bait. I know no one has a crystal ball and it's very likely we will see rates go down at some point.

I just want to get a feel for what people think is going to happen. Since at current rates homes are unaffordable for many people yet my home keeps going up in value based on others like it selling in my neighborhood. Not only does that seem unsustainable but I think we're seeing pressure for the fed to do something for rates even if it leads to some inflation. Hopefully they lower rates slowly enough the market can react more rationally this time.

At 5.5% with PMI on a FHA loan I hope to refinance at some point. So I'm very biased.

submitted by /u/TPSreportmkay
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source https://www.reddit.com/r/RealEstate/comments/1mzp11v/will_we_see_rates_under_4_again/
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