“Interest Rates WILL be going Lower!”

“Interest Rates WILL be going Lower!”

 

 

 

Hi Joe,

Our renovation project will be completed in about a month, is it time for us to begin the refinance process? I am sure that we have built up a lot of equity and the goal is the refinance and stop the mortgage insurance meter, especially since it is not deductible on our income tax.

Let me know what you think and when we should plan on getting together. As always, thank you

 

 

I am seeing the signs that tell me we are moving into a recessionary period in our economy. I know it doesn’t feel like it to most of us, but I also see the bright side. I believe that Interest rates will be much lower.

 

Over time the stock market will go lower. I have begun selling some of my stock portfolio and over time will be adding to my bond portfolio. Keep in mind, stocks go lower, bonds go higher, and rates go lower.

 

Most prognosticators over the last couple of years have predicted that mortgage rates will be in the 5’s or higher. I have no clue what crystal ball they were looking at, but that has not happened or is going to, anytime soon.

 

What is your crystal ball telling you?

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 4 commentsJoe Petrowsky • July 18 2019 06:09PM

Comments

Good morning, Joe Petrowsky i think rates will go down again....they're not bottomed out yet....

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) about 1 month ago

Great investing truth!!! Thanks for sharing!

Over time the stock market will go lower. I have begun selling some of my stock portfolio and over time will be adding to my bond portfolio. Keep in mind, stocks go lower, bonds go higher, and rates go lower.

Posted by Sham Reddy CRS, CRS (H E R Realty, Dayton, OH) about 1 month ago

Thanks for post.  I think rates may go a bit lower, but we are getting into uncharted waters.

Posted by Robin Wells, Giving Peace Of Mind One Chimney At A Time ( RAW Chimney Sweep and Inspections) about 1 month ago

Good morning Joe. Interest rates for mortgages may go lower as financial titans tinker with the market! Enjoy your day.

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 1 month ago

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