Could Mortgage Rates Drop Another ¼%?

One of my mentors, Barry Habib, was on Fox Business last week talking about mortgage rates. He is not concerned with mortgage rates spiking to 4% next year; but he could see rates "flirt" with 3% or 3.25%. Second, he tells the audience that our country's surging national debt will cause economic growth to slow down and thus inflation rates will drop and thus long-term rates will remain very low and could drop further.

Nationally, conventional 30 year fixed rates were 2.72% for the week ending November 12th. Have you noticed that my rates are lower than this? Barry mentioned that the Fed is now starting to buy some 1.50% mortgage bond coupons and this could cause mortgage rates to drop to 2.375%-2.50% nationally in the coming months. Thus, rates may drop by another ¼% to .375%. To watch Barry for yourself click the link below--

https://video.foxbusiness.com/v/621102...show-clips