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!!!
Author:Carlie Goulet Emily Duarte Phone: 480-999-2338 Dated: November 15th 2013 Views: 7,979 About Carlie Goulet: What We Stand For
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