On one of the morning news shows, Rober Toll, the founder of Toll Brothers, predicted that mortgage rates will begin to rise in the next few weeks as the Federal Reserve’s Quantative Easing program, or QE2, ends. When the Fed stops buying bonds, the largest element of demand will leave the market. Mr. Toll feels this will have a major impact on mortgage rates.

Bob Toll would not be surprised to see rates spike from 4.5% now to 7.5% within two years. Toll also thinks this will be a buyers’ market for next few years.

What are your thoughts?

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