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Subject: Mortgage Rate Forecast
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bh
Posts:10
08/25/2008 11:21 AM
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This website attempts to forecast future financial market trends.
30 Year Mortgage Interest Rate Forecast
http://www.forecasts.org/fha.htm
Has anyone else followed this site over the years and have an opinion on its past accuracy?
LoonyQT
Posts:904
08/25/2008 12:19 PM
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I've never seen the site before, but as I'm looking to buy something in the next 6 months, I must say, I LIKE IT! :-)
Eugene
Posts:268
08/25/2008 1:43 PM
Alert
You'd get insanely rich in no time if you could really forecast future movements of interest rates and exchange rates with enough accuracy.
If I could do it, I surely wouldn't bother publishing my results for the whole world to see. I'd quietly make trades on margin here and there and enjoy my 1000% returns.
Brian
Posts:2274
08/28/2008 1:59 PM
Alert
Fed Officials Agree Next Rate Move Will Be Increase (Update3)
By Craig Torres
Aug. 26 (Bloomberg) -- Federal Reserve officials agreed at their meeting this month that their next move in interest rates will be to raise them, while reaching no conclusion on the timing of such a decision, records of the gathering show.
``Although members generally anticipated that the next policy move would likely be a tightening, the timing and extent of any change in policy stance would depend on evolving economic and financial developments,'' according to minutes of the Aug. 5 Federal Open Market Committee meeting released in Washington.
http://www.bloomberg.com/apps/news?pid=20601103&sid=ahUrayBJ6NGM&refer
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