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http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-near-seven-month-low-heading--otcqb-fmcc-1118020

Interest rates have been going down again. It is obviously hard to predict where things will be in the future and anything can happen but it is more likely that rates will be lower year over year heading into the summer.

PS Hey Admin, I'm sorry about the multiple threads. I was having browser issues and I didn't realize I submitted the topic multiple times. Can you delete the duplicate threads?

admin · Posted: Thu May 22, 2014 5:33 pm GMT Post subject:

Done.

I agree with your subject line, it is disappointing. Although, I think a more important comparison is to spring 2013, when rates bottomed out and when most of the home buying and pricing decisions were made last year. Rates are still much higher than last spring, in relative terms.

- admin

Richthofen · Joined: 02 Apr 2014 Posts: 69

Bernanke said that he doesn't expect interest rates to normalize (fed funds rate ~ 4%) in his lifetime. Looks like we're turning Japanese.

http://www.reuters.com/article/2014/05/16/us-usa-fed-bernanke-insight-idUSBREA4F0OG20140516

admin · Posted: Fri May 23, 2014 11:16 pm GMT Post subject:

Former Arlingtonian · Joined: 23 Oct 2013 Posts: 141

Richthofen,

I loved Bernanke quote on Interest rates and I love how our society treats central banks like modern day medicine men who have special powers (it must be the Ivy School education).

Lets look at Bernanke's track record and I think what we learn is there is a reason why Ben Bernanke has avoided the private sector is whole career.

As I read Mr Bernanke's past observations and prediction I want to laugh, but then the memory of the carnage of his kind prevents me from laughing.

In October 2005 Bernanke said "Bernanke: There's No Housing Bubble to Go Bust" http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html

May 2006 Bernanke: Housing market is headed for a soft landing
http://usatoday30.usatoday.com/money/economy/housing/2006-05-18-bernanke-housing_x.htm?csp=24

October 1999 BennyB talks about what a great job the Fed has been doing the 1990s "The Fed has performed well during the 1990s, using policies that in many ways -- particularly in their emphasis on keeping inflation low in the long run -- are similar to our proposals. The main difference between current Fed policy and a full-blown inflation-targeting approach is the Fed's relative lack of emphasis on transparency and accountability." http://www.foreignaffairs.com/articles/55410/ben-bernanke-thomas-laubach-frederic-mishkin-and-adam-s-posen/missing-the-mark-the-truth-about-inflation-targetin

You can't make this up!