Who would have guessed the Chicago Cubs would have won the world series. Well, Michael Lee, the then-California resident’s senior quote in his 1993 high school yearbook offered a prediction that came true Wednesday when the Cubs defeated the Cleveland Indians to win their first World Series since 1908. Congratulations to the Cubs and to Mike Lee on a stellar prediction!
Though much less dramatic, who would have predicted the Feds would not raise the Fed Funds Rate on Wednesday resulting in mortgage rates edging lower.
I guess we might want to ask Mike Lee what to expect next in mortgage rates. If you are considering purchasing a new home or refinancing it’s a very good time to get an interest rate in the low 3s.