Where Are Mortgage Rates Headed

Where Are Mortgage Rates Headed

According to the Mortgage Bankers Association’s forecast, mortgage rates are projected to rise above 5% in 2014, with a 5.3% average in 2015.

Mortgage rates reported this week by the Mortgage Bankers Association are the lowest since June, averaging 4.33%, which is much lower than next years’ forecast. 

Currently the Federal Reserve has an $85 billion per month bond-purchasing program, which the MBA expects them to slowly cutback and eventually end it all together.  This means that mortgage refinancing will continue to drop and less will tap in to the equity in their homes.


If you have been thinking about refinancing or purchasing a home in the valley, now would be an ideal time!!!


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Phone: 480-999-2338
Dated: November 15th 2013
Views: 7,972
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