Ok, this is nothing to be alarmed about.
Wow, if you just locked your rate, good job, not bad, not bad at all.
Hmmmm, looks like we have been sitting here for a while, Corona Rates?
Did you know that the area around the sun is actually hotter than the sun itself, but wait, there's more, it's called the Corona!
Does anyone else see the trend that I see?
Have you ever thrown a basketball or tennis ball at the ground and failed to catch it.
What happened next was probably an accurate depiction of what's illustrated above.
Everything that goes up must come down, not everything that goes down comes back up. If you expected rates to go back up, you have been holding your breath since before I was born.
Last, President Trump and Warren Buffet both claim they see rates hitting negative rates in America eventually, Buffet says he bets no later than 30 years, he cant say if it would be 10 or 15, but he is confident he knows where rates and the world economy will be 30 years from now. He says its actually easier to predict 30 years than 15 years because there are too many variables to be able to bet on the short run. He says he only bets on the long run.
I guess when you already have more than you can spend, safer investments seem more attractive.
Rates are going down, down, down, I would not pay for a lower rate unless you are going to recoup the cost in less than 3 years. Just imagine what everything will be like 2023. Keep in mind by next year, every car manufacture will be producing fully autonomous electric cars. I told you that 6 years ago when it was confirmed by a meeting between ADOT and the regulators of the auto insurance industry, I watched that meeting live and it was epic! This is the decade of automation, if I have a job doing anything I have done in my life 10 years from now, I would be unpleasantly surprised.
