To win the limbo rock game, you have to remain on your feet and not fall over as you shimmy down under a stick that goes lower as the music progresses. To score a win in the mortgage interest game, by contrast, your goal is to lock in at the lowest rate possible—only this rate stick is unpredictable; you want it to go down but it can quickly edge up when you least expect it.
Over the last few months, that stick has steadily plunged, leading to favorable financing conditions for prospective mortgage borrowers. But how low can mortgage rates go in 2016? That's the question I attempt to answer in my debut article for The Mortgage Reports, which you can read by clicking
here.
