Interest Rates - Will they continue to rise?

[glitch]

In terms of home loans and mortgages, I have heard house costs and interests rates are going to come down later this year but I have also heard that they can get as high as 14%! Right now for perfect credit, they are sitting at 4.3% where I am. Anyone know if things are going to go up, down, or remain the same?

 

[Treborika]

I heard of that in my country that the interest rates for mortgages are going to rise up.
They say because of the inflation and economic instabilities that the nation is facing right now, they like to increase the interest rates from 11- 16%. I hope this would be the highest it has ever gone

 

[glitch]

I heard of that in my country that the interest rates for mortgages are going to rise up.
They say because of the inflation and economic instabilities that the nation is facing right now, they like to increase the interest rates from 11- 16%. I hope this would be the highest it has ever gone

I believe the highest it was in the US for a mortgage was 16% and this was in the '80s. With today's housing prices and utility costs though, that would make it virtually impossible for anyone earning under 80k to afford a home.

 

[Good-Person]

I heard of that in my country that the interest rates for mortgages are going to rise up.
They say because of the inflation and economic instabilities that the nation is facing right now, they like to increase the interest rates from 11- 16%. I hope this would be the highest it has ever gone

Yes, the mortgages tend to rise. Apart from that, the stock market also gets affected due to a rise in the interest rates. This is one of the main reasons why I think that interest rates benefits the government only.

 

[Billy]

I'm with you on this. I've heard conflicting opinions on this, and I don't know what to believe. It depends on a lot of factors: where you are, whether or not you have perfect credit, what kind of loan you're looking for, etc. But personally, I think things are going to get worse before they get better—and that's because the housing market has been booming for so long that it can't sustain itself anymore.

First of all, let's talk about home prices. They've been going up for years now, which means people are paying more than ever for houses. And since there's no end in sight for this trend (and no sign that prices will stop rising), we're going to see more people losing their homes than ever before—and those people won't be able to buy again anytime soon!

Then there's the interest rates issue; right now they're sitting at 4.3%, but that number could go up or down depending on what happens with the economy over time (which is unpredictable). So even if interest rates do start going down later this year (as some experts say), there could still be delays in getting those loans approved by lenders who may not want

 

[Good-Person]

I think that the interest rates will keep rising as they have to deal with inflation and they believe that there is no other way to cope with this problem other than increasing interest rates and I think that this is a really bad decision.

 

[Genie01]

There would be a time when it would fall, it would not definitely keep risking all the time.
The best way to predict it's fall is by analysing the open interest market.

 

[Bbwoy95]

To talk into the future, I don't think things are going to drop back it's state or normal. Things are going to increase higher and higher especially in finance. Interest is going to rise and not fall.

 

[Bigron]

In terms of home loans and mortgages, I have heard house costs and interests rates are going to come down later this year but I have also heard that they can get as high as 14%! Right now for perfect credit, they are sitting at 4.3% where I am. Anyone know if things are going to go up, down, or remain the same?

Given the current economic crisis post-COVID, an increase in interest rates would not come as a shock to most people. The situation is not ideal but due to the sky-high rise in inflation, it is unavoidable

 

[Genie01]

Given the current economic crisis post-COVID, an increase in interest rates would not come as a shock to most people. The situation is not ideal but due to the sky-high rise in inflation, it is unavoidable

Indeed the rise is no longer surprising, and we are grossly affected especially those residing in the low and middle income countries.
But don't you think there's a way forward?

 

[Bigron]

Indeed the rise is no longer surprising, and we are grossly affected especially those residing in the low and middle income countries.
But don't you think there's a way forward?

I think there is a way forward, and the economic situation will subside no doubt, but it won’t be for a long time yet. This decrease will stem partly due to the reduction in mismanagement of funds by politicians

 

[Genie01]

I think there is a way forward, and the economic situation will subside no doubt, but it won’t be for a long time yet. This decrease will stem partly due to the reduction in mismanagement of funds by politicians

Wow, interesting.
I see you are about relating the inflation and interest hike with the mismanagement of funds by the politicians, awesome.

 

[Bigron]

Wow, interesting.
I see you are about relating the inflation and interest hike with the mismanagement of funds by the politicians, awesome.

I do not think politicians are complicit in these inflation rises, but I also don’t think they help matters in that respect. Let me be unequivocally clear on that.

 

[Good-Person]

Given the current economic crisis post-COVID, an increase in interest rates would not come as a shock to most people. The situation is not ideal but due to the sky-high rise in inflation, it is unavoidable

Wow, interesting.
I see you are about relating the inflation and interest hike with the mismanagement of funds by the politicians, awesome.

I definitely think that the interest rates shall never actually decrease at all. Interest rates shall increase because the government of the United States needs to increase the value of dollar.

 

[Bigron]

I definitely think that the interest rates shall never actually decrease at all. Interest rates shall increase because the government of the United States needs to increase the value of dollar.

This is extremely true due to the financial strength of the United States dollar in relation to other currencies. Also, the increasing exchange rate is the most glaring evidence of a failing economy, which will undoubtedly cause inflation.

 

[Genie01]

This is extremely true due to the financial strength of the United States dollar in relation to other currencies. Also, the increasing exchange rate is the most glaring evidence of a failing economy, which will undoubtedly cause inflation.

Definitely, inflation is quite become a global phenomena now.
I think the interest rates would definitely reach a certain level and begin to decline in the nearest time .

 

[Bigron]

Definitely, inflation is quite become a global phenomena now.
I think the interest rates would definitely reach a certain level and begin to decline in the nearest time .

I wish I could share this same belief, but the global financial conditions are not looking good. JP Morgan, a reputable financial consultancy, has predicted that America could be in a recession by the middle of next year. The effect this will have on global finances will be disastrous.

 

[Good-Person]

This is extremely true due to the financial strength of the United States dollar in relation to other currencies. Also, the increasing exchange rate is the most glaring evidence of a failing economy, which will undoubtedly cause inflation.

I really cannot understand why the prices of dollars have decreased so much right now despite the fact that economy and inflation is down so much in the place where I live?

 

[Bigron]

I really cannot understand why the prices of dollars have decreased so much right now despite the fact that economy and inflation is down so much in the place where I live?

This is a surprising revelation. The economies around the world have deteriorated so I would never have thought that the exchange rate would have decreased. I think that maybe governments are putting measures in place to offset the economic crisis.

 

[Good-Person]

This is a surprising revelation. The economies around the world have deteriorated so I would never have thought that the exchange rate would have decreased. I think that maybe governments are putting measures in place to offset the economic crisis.

This in indeed really surprising. I think that the government might be overvaluing the local currency and this might be the reason why the price of dollar might be increasing. It might plunge down suddenly in the future.