Mortgage Bankers Association May 2014 Rate Forecast

Click Here for the May 2014
Mortgage Bankers Association Rate Forecast

Click Here for the May 2014For May 2014, the Mortgage Bankers Association depicts the quarterly average rate down to 4.5 percent by the end of June with the quarterly average continuing to jump upwards throughout the remainder of the year. While the quarterly average rate is forecasted to climb with each successive quarter and reach an average of 5.0 percent for the last quarter of 2014 with the overall average for the year forecasted to 4.7 percent, the annual rate average remains unchanged from previous forecast. The bottom line at this point is that rates for 2014 are already starting to rise above past forecasts and may likely continue to rise through the remainder of 2014.

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