Quicken Loans CEO: ‘Best Time Ever’ to Buy

Monday, 5 Nov 2012 | 6:29 PM ET

Mortgage rates will likely stay near historic lows for the near future but could spike at any moment, Quicken Loans CEO Bill Emerson said Monday on CNBC.

"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."

Quicken Loans CEO Touts Home Affordability
Affordability might not be as good as it is now for purchasing a home, Quicken Loans CEO Bill Emerson says.

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.

In the event that Mitt Romney defeats President Barack Obama, there would be a learning curve that would prevent immediate drastic changes in monetary policy.

Got something to to say? Email us at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our website, email fastmoney@cnbc.com.


Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report