When Will The 5-year Fix Bottom Out?

Every single day it seems the 5-year fix rate is at an all-time low! Yes, exciting! 

The question is.....when will it actually bottom out? How low can it actually go?

I personally have no idea as every time I see it go lower......I am in disbelief. 

The one main tip I am sharing with my clients who REALLY want a low 5-year fix rate is to choose a variable. Why do you ask?

Because as rates continued to drop, you can switch to a fixed rate when we finally reach the bottom.