How low can we expect interest rates to go? I am thinking about refinancing within the next 6 – 12 mos.?

by woodleywonderworks

Question by ricko: How low can we expect interest rates to go? I am thinking about refinancing within the next 6 – 12 mos.?
I currently have a mortgage loan at 5.75% opened in 2003 for 165,000 and 30 yrs. I also would like to obtain maybe 25 – 30k when I do refinance so I am hoping rates will near the 4.75% range or lower.

I wonder if rates will go lower this year…
Any hunches?

Best answer:

Answer by sassy2
No. Now is when they start climbing since this becomes the busy season for home buying.

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