The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors have each projected that the 30-year fixed rate mortgage will have interest rates in excess of 5% by this time next year. The average of their four projections is 5.3%. The table below shows the impact this will have on the […]
Where Will Mortgage Rates Go From Here?
We have come through an dynamic 60-day window with long-term mortgage rates rising 1% to the dismay of many buyers – but the million-dollar question is, where do we go from here? In a recent survey of mortgage professionals (Mortgage Rate Trend Survey), when asked what would interest rates do over the next 30 days, […]
Home Loan Rates Remain Near Historic Lows as We Welcome 2012
Has there been a better time to finance a home in the past 40 years? As we enter 2012 it is worth a look back at where we were when January 1, 2011 was knocking at our door. At the beginning of 2011 the 30-year fixed mortgage interest rate was just below 5% and at […]
