Going into this year the expectation was interest rates rising in response to the Fed’s policy of hiking it’s benchmark rates. That talk has all but disappeared as new deflation concerns have brought about discussions of banks now implementing negative rates for their accounts. If that trend continues mortgage rates should remain low for the foreseeable future….perhaps for years to come. See article below.
LONDON (Reuters) – World markets may have recovered their poise from a torrid start to the year, but their outlook for global growth and inflation is now so bleak they are betting on developed world interest
Century 21 Westworld