Many homebuyers ask where interest rates are headed over the next several months. While no one has a crystal ball, we did want to share what some experts are saying on the subject.
“For now, and likely through the summer, we may see data-driven bumps and dips in rates. Although we managed a slight dip presently, a bump is in order before long.”
“In the next few months, mortgage rates are likely to remain at their current, low level, but will not remain there for long. As the Federal Reserve is expected to ‘taper’ its purchases of long-term Treasuries and mortgage-backed securities, and as economic growth picks up, long-term yields will gradually rise. Fixed-rate mortgages are expected to be higher in six months, and may even approach 5 percent a year from now.”
“Mortgage rates could move suddenly higher in anticipation of rate increases, much as they did last summer when refinance and transaction activity was high. Steady purchase transaction volume and lower refinance volume could mean that mortgages rates may adjust in a more gradual fashion. In either case, as the economy improves—and today’s data clearly suggests it is improving—the overall trend for mortgage rates is up, not down.”
Projects the 30 year fixed mortgage rate to be 4.3% by the end of the year.
Projects the 30 year fixed mortgage rate to be 4.7% by the end of the year.
Source: www.KeepingCurrentMatters.com
222 East 18th Street
Cheyenne, WY 82001
Phone: 800-280-8655
Direct: 307-634-5941
Toll Free: 800-280-8655
Fax: 307-632-1015
NOTICE: This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.
Third-party web sites may have privacy and security policies different from Wallick & Volk. Links to other web sites do not imply the endorsement or approval of such web sites. Please review the privacy and security policies of web sites reached through links from Wallick & Volk web sites.
Wallick & Volk Corporate NMLS #2973. View full list of license and disclosures
Privacy Policy | NMLS Consumer Access | Disclosures and Licenses | Unsubscribe
Copyright © Wallick & Volk 2016. Additional Copyrights