Quicken Loans CEO Bill Emerson appeared yesterday on CNBC’s Fast Money and he had a few interesting things to say.
First and foremost, Emerson made it clear that this is the “best time ever” to buy a home. You heard and read that right.
He also stated that mortgage rates are likely to stay low for the near future, but could rise suddenly without warning. And they will. It’s just a matter of time.
Here’s a bit from Fast Money’s site about the video:
“If you’re in the market right now to refinance or purchase, when you think about rates and you think about affordability, it’s probably the best time ever to do it,” he said on “Fast Money.”
When mortgage interest rates rise once again, Emerson added, there’s “never any indication that’s going to happen.”
Emerson said he believed that the Federal Reserve would keep interest rates low through 2015 as part of its effort to stimulate the ecomony.
Regardless of who wins the presidential election, rates still have some time to stay low, he said.
And with that, you can watch below. Enjoy.