San Diego, CA (PRWEB) June 09, 2014
Will interest rates keep rising? LoanLove.com examines the possibility in their new guide that offers a five year interest rate projection based on current predictions. LoanLove.com is a borrower advice website that is dedicated to keeping new home buyers and experienced home owners updated on current news and events which could affect their home loan options or their home ownership experience. The new guide continues to offer valuable information which can help home buyers make their best decisions regarding their home buying plans.
The new guide titled “Will Interest Rates Keep Rising? (Five Year Projection)” explains, “There are numerous predictions of interest rate forecasts, with most focused on the idea that historically low rates enjoyed in recent months are not sustainable as the economy continues to recover. Therefore, the longer-term forecast would seem to suggest a rise in interest rates over the next five, or even 10, years.”
The article continues, “However, a few analysts point not to the past year, but to 40 years of historical data in predicting where interest rates are headed for 30-year mortgages. When this data is closely examined before calculating a forecast, there is an overwhelming probability, slightly over 90 percent, that the rate will actually fall in five years, based on December 2013 to December 2018 comparisons. The same forecasting process suggests there will be a 9.2 percent probability interest rates will be higher and a 0.4 percent probability that rates will stay the same or at least be at the same point exactly five years from now.”
Loan Love goes on to explain what factors are playing in to current mortgage interest rates and offers a shorter term mortgage rate outlook for those who are planning to obtain a loan within the next year.
For more information regarding this topic, click here to read the full article at LoanLove.com.