Mortgage Bankers Association June 2014 Rate Forecast


Mortgage Bankers Association June 2014 Rate Forecast

For end of June 2014, the Mortgage Bankers Association depicts the quarterly average rate down another tenth of a point from May to 4.4 percent 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, the overall average for the year was also revised downward to a forecasted average rate of 4.5 percent for 2014.  The bottom line remains that at this point the rates for 2014 are already starting to rise above past forecasts and are likely to continue to rise through the remainder of 2014.

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