Mortgage Bankers Association September 2017 Rate Forecast

Mortgage Bankers Association September 2017 Rate Forecast

The September 2017 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing the third quarter of 2017 as the lowest percent average rate for the next five consecutive quarters and nearly reaching a whole percentage point up by the end of 2018.  Historically, during the forecast period the average forecast rate since the previous quarter maintained a consecutive quarter-over-quarter average rate increase at a less aggressive rate than what is forecasted to occur moving forward. The aggressive average rate increase is expected to better control a run-up in home prices.  According to Freddie Mac’s September outlook report, total home sales are expected to increase 2 percent from 2017 to 2018 with a 4.9 percent increase in home prices in 2018.

Overall we are still dealing with a nation wide housing shortage so we will need to keep watch to see if this aggressive pattern holds with future forecasts. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

As such, if you are looking to sell, you can benefit from stable prices and strong demand:

Check out how much your home is worth based on local home values in your neighborhood. Simply enter your address and see what is available in your neighborhood.

And if you are buying, affordability can become an issue with rising interest rates and rising home prices so the earlier you get into the market the better your chance to still get a relatively low interest rate on a mortgage but you need to take action now:

See available Just Listed Honolulu, Hawaii homes that are for sale right now.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

 

Mortgage Bankers Association December 2016 Rate Forecast

Mortgage Bankers Association December 2016 Rate Forecast

Mortgage Bankers Association December 2016 Rate Forecast

The December 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing the final quarter of 2016 ending slightly lower than previously forecast but overall closing out the year with the same 3.9 percent average rate. But that is where this forecast changes its tune to a more aggressive upward trend in the rate forecast through 2017 and 2018 than in previous forecasts while the 2019 annual orecast remains unchanged. With this month’s forecast we are seeing increased volatility in the forecast over previous month’s which suggests that change in the form of rate increases are forth coming.

Overall this forecast supports that the 30-year fixed rate mortgages have begun to  meander upwards at a slightly more aggressive rate that previously forecasted with the out year rate forecast supporting the aggressive upward trend. Given the rate of increase in the average mortgage rates, the rates will remain at historically low levels for only the very near term. Overall we are still dealing with a nation wide housing shortage so we will need to keep watch to see if this aggressive pattern holds with future forecasts. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

As such, if you are looking to sell, you can benefit from stable prices and strong demand:

Check out how much your home is worth based on local home values in your neighborhood. Simply enter your address and see what is available in your neighborhood.

And if you are buying, you can benefit from historically low mortgage rates but you need to take action now:

See available Just Listed Honolulu, Hawaii homes that are for sale right now.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association November 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association November Rate Forecast

Mortgage Bankers Association November 2016 Rate Forecast

The November 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing a slight upward push in the average mortgage rates for first quarter of 2017 otherwise the rates remain unchanged from past month’s forecast. The resulting effect to the annual average rates is a corresponding upward push by a mere tenth of a point for 2016. Otherwise, looking more long term at the annual average rate, the rates remain unchanged until we reach 2019 which takes a slight downward tick also by one tenth of a point.

Overall this forecast supports that the 30-year fixed rate mortgages shall meandering upwards at a slow rate while the out year rate forecast is more aggressive. Given the small rate of increase in the average mortgage rates, the rates will remain at historically low levels for the near term which is expected to have a minimal impact on the real estate market particularly with the nation wide housing shortage that we are experiencing. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

As such, if you are looking to sell, you can benefit from stable prices and strong demand:

Check out how much your home is worth based on local home values in your neighborhood. Simply enter your address and see what is available in your neighborhood.

And if you are buying, you can benefit from historically low mortgage rates:

See available Just Listed Honolulu, Hawaii homes that are for sale right now.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association October 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association October Rate Forecast

Mortgage Bankers Association October 2016 Rate Forecast

The October 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage dropped the quarterly averages from 2015 and now includes a 2018 quarterly average forecast but also includes a 2019 annual average forecast giving us greater insight into the future for mortgage rates.  Otherwise, we are seeing no changes to any of the quarterly averages for the remainder of 2017. The quarterly averages for 2018 are consistent with the previous Mortgage Bankers Association report in that the annual average is unchanged at 4.6 percent. In past postings, we commented on the  aggressive upward average rate trend with both the quarterly average rate and the annual average rate which persists with the October 2016 report as well. Of note, the 2019 annual average rate further exasperates this aggressive upward trend depicting the average annual rate reaching upwards of 5.4 percent.

Overall this forecast supports that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast is more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association September 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association September Rate Forecast

Mortgage Bankers Association September 2016 Rate Forecast

Not much to say about the September 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage as it mirrors the August forecast.  In August, the forecast was favorable for anyone in the real estate market as the forecast showed a rate drop from the July rate forecast. With the forecast for September, the forecast has gone flat. Discerning any trend from the September forecast would be premature as it is too early to tell if September is representative of a bottom in terms of mortgage rates. But the forecast does suggest that the average rate is going to increase with the last quarter of what is an election year.  The aggressive upward average rate trend also remains in the September forecast in both the quarterly average rate and the annual average rate. We can speculate that for the time being the easing that occurred will continue to provide stimulus for the immediate near term.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association August 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association August Rate Forecast

Mortgage Bankers Association August 2016 Rate Forecast

The August 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage continues to provide great news for anyone in the real estate market as the forecast continues to drop from last month’s forecast. With the end of Q3 for 2016 approaching, the 30-year fixed rate mortgage average fell another one-tenth of a point from last month’s forecast. Even the approaching quarter average dropped. Overall, the forecast has pushed the 2016 calendar average rate three-tenths of a point below that of last year’s average. But now the forecast also shows an even more aggressive upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will continue to provide stimulus as we approach the end of the summer market.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association July 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association July Rate Forecast

Mortgage Bankers Association July 2016 Rate Forecast

The July 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is now great news for anyone in the real estate market as the forecast has begun a downward trend with last month’s forecast and this month’s forecast. With the start of Q3 for 2016, we see that the 30-year fixed rate mortgage average fell another one-tenth of a point from last month’s forecast. Even the approaching quarter average dropped. Overall, the forecast has pushed the 2016 calendar average rate below that of last year’s average. But the forecast also shows an aggressive upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will continue to stimulate a favorable summer market for anyone looking to purchase or sell mortgage backed real estate.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association June 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association June Rate Forecast

Mortgage Bankers Association June 2016 Rate ForecastThe June 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is good news for anyone in the real estate market as the forecast was revised slightly downward from the previous month’s forecast. As we approach the end of Q2 for 2016, the 30-year fixed rate mortgage fell two-tenths of a point from last month’s forecast. Looking ahead at the remaining quarters of 2016, the forecast also eased for the final quarter or Q4 for the calendar year. The result of the easing is that the 2016 annual rate average rate forecast is also down from previous forecasts and is now forecasted to close out 2016 below the 2015 annual average rate by one-tenth of a point. Now do not get too excited as the forecast still shows a steady upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will help to keep a favorable summer market for anyone looking to purchase or sell mortgage backed real estate.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is persisting. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association May 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association May Rate Forecast

MBA Mortgage Finance Forecast for May 2016

As we approach the middle of Q2 for 2016, the 30-year fixed rate mortgage remains on a steady and methodical upwards trend as previously forecasted. Mortgage Bankers Association is staying consistent and that upward trend is forecasted to continue through the remainder of Q2 and the remainder of 2016. The quarterly rate is on par with the forecasted 2015 annual rate, and in order to close out the 2016 annual forecasted rate in line with the 2015 annual average rate, the average annual rate must increase slightly to compensate for the lower average rates from Q1.  At present the quarterly average rate for the current quarter is forecasted to remain below the final quarter of 2015 but we can anticipate that the summer market will push rates higher validating the forecast.

We do not have much new to say at this point other than to repeat what we have been observing. Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association March 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association March 2016 Rate Forecast
MBA Mortgage Finance Forecast for March 2016

The forecast for the 30-year fixed rate mortgage remains unchanged from February’s forecast. What does that mean? The Mortgage Bankers Association forecast closed out 2015 three tenths of a point below 2014 annual average. Mortgage Bankers Association is staying consistent and closed out the first quarter of 2016 with an upward lift for the quarterly average rate that is forecasted to continue an upward trend for the remaining quarters of 2016. In past forecasts, the quarterly rate was on par with the forecasted 2014 annual rate and remains so with this current forecast reaching the 2014 annual rate in the later part of 2016. At present the quarterly average rate for the current quarter is forecasted to remain below the final quarter of 2015.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average. The rates appear to remain favorable in the outlook and support continued economic growth in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association February 2016 Rate Forecast

Click Here to View the Mortgage Bankers Association February 2016 Rate Forecast
MBA Mortgage Finance Forecast for February 2016

The forecast for the 30-year fixed rate mortgage has tampered from the past months’ forecasts. The Mortgage Bankers Association forecast closed out 2015 three tenths of a point below 2014 annual average. Mortgage Bankers Association has backed off their forecast for hiking the quarterly average rate for the first quarter of 2016 and the overall forecast for the annual average rate in 2016. In past forecasts, the quarterly rate was on par with the forecasted 2014 annual rate. The February 2016 forecast doesn’t consider reaching the 2014 annual rate to the later part of 2016. At present the quarterly average rate for the current quarter is forecasted to remain below the final quarter of 2015.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist albeit at a slower trending rate than past quarters. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average. The rates appear to remain favorable in the outlook and support continued economic growth in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association December 2015 Rate Forecast

Click Here to View the Mortgage Bankers Association December 2015 Rate Forecast

Mortgage Finance Forecast December 2015

The forecast for the 30-year fixed rate mortgage remains unchanged from the past month’s forecast. The Mortgage Bankers Association steadily and consistently increased the rate for the 30-year fixed rate mortgage and remains on schedule to close out the year three tenths of a point below 2014 annual average. Mortgage Bankers Association anticipates that the average rate will match the 2014 annual average within the first quarter of 2016 and then continue its steady and consistent upward trend into the far future leaving 2015 as the year when the average 30-year mortgage rate reached a historic low.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist over the next consecutive quarters. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. The rates appear to remain favorable in the outlook and support continued economic growth in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association November 2015 Rate Forecast

Click Here to View the Mortgage Bankers Association November 2015 Rate Forecast

MBA Mortgage Finance Forecast for November 2015

The Mortgage Bankers Association steadily and consistently increased the rate for the 30-year fixed rate mortgage and remains on schedule to close out the year three tenths of a point below 2014 annual average. Mortgage Bankers Association anticipates that the average rate will match the 2014 annual average within the first quarter of 2016 and then continue its steady and consistent upward trend into the near future reaching the 2014 average rate by the end of the first quarter of 2015.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist over the next consecutive quarters. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. We can speculate that the rates will increase by the end of the year but likely not until after the Christmas holiday but possibly prior to New Years. The rates appear to remain favorable in the outlook and support continued economic growth in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association October 2015 Rate Forecast

Mortgage Bankers Association October 2015 Rate Forecast

MBA Mortgage Finance Forecast for October 2015

As we move into the final quarter of the year, the Mortgage Bankers Association steadily and consistently increased the rate for the 30-year fixed rate mortgage and appears on schedule to close out the year three tenths of a point below 2014 annual average.  Mortgage Bankers Association anticipates that the average rate will match the 2014 annual average within the first quarter of 2016 and then continue its steady and consistent upward trend into the near future.

Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages have increased at a slow and almost predictable rate that is likely to persist over the next consecutive quarters. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. The rates appear to remain favorable in the outlook and support continued economic growth in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association July 2015 Rate Forecast

Mortgage Bankers Association July 2015 Rate Forecast

MBA July 2015 Mortgage Finance Forecast

The Mortgage Bankers Association kept the first quarter of 2015 annual average forecasted rate for the 30 year fixed rate mortgage slightly upward from the previous month at 3.7 percent. Looking ahead the 2015 quarterly forecast continues to show a consistent and steady increase in the average rate. The growth remains at a slow enough pace to keep the annual average arte still below the 2014 annual average rate which is good news for those considering a mortgage in 2015.

Overall this forecast, like past forecasts, continues to support that the 30 year fixed rate mortgages are anticipated to rise at a slow and steady rate over the next couple of years. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. The rates appear to remain favorable in the outlook and support continued economic growth particularly in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association April 2015 Rate Forecast

Mortgage Bankers Association April 2015 Rate Forecast

Mortgage Bankers Association April 2015 Rate Forecast

The Mortgage Bankers Association kept the first quarter of 2015 annual average forecasted rate for the 30 year fixed rate mortgage unchanged from the previous month at 3.7 percent. Looking ahead the 2015 quarterly forecast continues to show a consistent and steady increase in the average rate but the average forecasted rate for the current quarter dropped two-tenths of a percent to 3.8 percent. Even with the downward revision to the forecast the annual forecasted rate for 2015 remains unchanged from the overall annual forecast rate from 2014 at 4.2 percent.

Overall this forecast continues to support that the 30 year fixed rate mortgages are anticipated to rise at a slow, albeit slower than forecasted in March, and steady rate over the next couple of years. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. The rates appear to remain favorable in the outlook and support continued economic growth particularly in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association March 2015 Rate Forecast

Mortgage Bankers Association March 2015 Rate Forecast

Mortgage Finance Forecast March 2015

The Mortgage Bankers Association has updated their report since last month’s forecast. For the first quarter of 2015, the annual average forecasted rate for the 30 year fixed rate mortgage is expected to close at 3.7 percent. Looking ahead the forecast for 2015 shows a consistent and steady increase in the average rate. The average forecasted rate for the current quarter is 4.0 percent. Overall, the annual forecasted rate for 2015  is expected to remain unchanged from the overall annual forecast rate from 2014 at 4.2 percent.

Overall this forecast continues to support that the 30 year fixed rate mortgages are anticipated to rise at a slow and steady rate over the next couple of years. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. So while we are no longer at the historical record low rates of years past, the rates appear to remain favorable in the outlook and support continued economic growth particularly in the housing sector.

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association February 2015 Rate Forecast

Mortgage Bankers Association February 2015 Rate Forecast

Mortgage Bankers Association February 2015 Rate Forecast

The Mortgage Bankers Association has updated their report since last month’s forecast. For the final quarter of 2014, the annual average forecasted rate for the 30 year fixed rate mortgage closed at 4.2 percent.  Looking ahead the forecast for 2015 shows little fluctuation in the average rate. The average forecasted rate for the current quarter is 3.7 percent and is forecasted to steadily increase and surpass the annual forecasted rate of 4.2 percent.

Overall this forecast continues to support that the 30 year fixed rate mortgages are anticipated to rise at a slow and steady rate over the next couple of years. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. So while we are no longer at the historical record low rates of years past, the rates appear to remain favorable in the outlook and support continued economic growth particularly in the housing sector.

So what do these rates mean if you are seeking a VA home loans? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association November 2014 Rate Forecast

Mortgage Bankers Association November 2014 Rate ForecastMortgage Bankers Association November 2014 Rate Forecast

The Mortgage Bankers Association has updated their report since last month’s forecast. For the final quarter of 2014, the annual average forecasted rate for the 30 year fixed rate mortgage remained unchanged from last month but the overall 2014 forecast was revised down one tenth of a point to 4.2 percent for 2014. Looking ahead the forecast for 2015 is also suppressed from the previous forecast while the forecast rate for 2016 remains unchanged at 5.4 percent.

Overall this forecast supports that the 30 year fixed rate mortgages are anticipated to rise at a slow and steady rate over the next couple of years. We can expect fluctuations in the rate as they will not consistently increase over the forecasted period but will meander around the average. So while we are no longer at the historical record low rates of years past, the rates appear to remain favorable in the outlook and support continued economic growth particularly in the housing sector.

So what do these rates mean if you are seeking a VA home loans? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loans is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Mortgage Bankers Association October 2014 Rate Forecast

Mortgage Bankers Association October 2014 Rate Forecast

Mortgage Bankers Association October 2014 Rate Forecast

The Mortgage Bankers Associated has updated their report since the last month’s forecast report. The report now includes the quarterly average mortgage rate forecast through 2016. The good news is that the annual average rate forecast for the 30 year fixed rate mortgage has remained unchanged from last month and looking ahead into 2016 the rate forecast continues its upward trend. Overall for 2014, the forecasted average mortgage rate remains at 4.3 percent which is the same average as the last quarter of 2014. If this forecast holds true we should expect to see much change in the 30 year fixed rate mortgage for the remainder of 2014.

On a separate note and in light of Veteran’s Day, we would like to point out the VA home loans is a home loan guaranty benefit provided by private lenders and available to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.