Interest Rates Forecast For 2014 Available At

Share Article provides a recap of 2013 interest rate trends and gives some predictions on where rates will head in 2014. is a borrower advice website that is dedicated to empowering readers with first-class knowledge, valuable resources, and connections to top-rated industry professionals. With easy to understand language Loan Love explains some of the more detailed and in depth aspects of finding and securing the right home loan and has quickly become a trusted destination for current news and expert loan advice. Recently, the website released their interest rates forecast for 2014 which gives some insight into this year’s predominant interest rate trends and predicts how rates will look in the coming year.

The Loan Love 2014 mortgage rate forecast says, “Things are looking up, at least as far as mortgage rates are concerned as we head into 2014 and even beyond into 2015. Just how far up? The Mortgage Bankers Association experts are predicting in their mortgage interest rates forecast for 2014 that interest rates for a 30-year fixed-rate mortgage are likely to creep pass the 5 percent mark next year and then keep right on trekking upward, with the MBA predicting that rates are likely to climb as high as 5.3 percent by the end of 2015. We have to agree with the forecast for a moderate upward trend through 2014, though we won’t be surprised to see rates stay closer to the 5.1 to 5.2 mark as 2015 draws to a close.”

The article goes on to explain that any interest rate forecast predicting a steady move in rates one way or the other is going to be a far cry from what mortgage borrowers have been experiencing – a mini-roller coaster of rate movement. It goes on to say that after a fairly tranquil 2012, the year 2013 was quite a wild ride. After starting out pretty quiet rates in 2013 started getting crazy around June, jumping up from the 3.4 to 3.5 percent mark they had been hovering around, all the way to the 4 percent mark.

Loan Love explains, “Interest rates leaped a half percentage point in July and August, hovering for just a bit at 4.5 percent. Then rates began sliding back down to 4.1 percent in October and holding there, more or less, for the remainder of the fall season before creeping back up to 4.4 percent as the year winds down. We aren’t going out on much of a limb with our mortgage interest rates forecast by predicting rates are soon going to reach 4.5 percent on their way to the 5 percent mark—and beyond—that we are expecting for 2015. As the economy continues to slowly improve, the Federal Reserve will taper its $85-billion per month bond-purchasing program beginning in early 2014 and likely halt it altogether by September 2014. The Fed’s bond-buying program has been keeping mortgage rates down, but the Fed has hinted in recent months that it plans to wind down the program. The takeaway for you should be that rates are almost certainly headed upward and the better the economy gets, the higher that upward climb is likely to get.”

However, this does not mean that home loan borrowers should lose all hope. While the rates will still be going up, the fact is that they will still be within a very affordable range for most borrowers. Loan Love says, “… overall, 2014 should still be a healthy home-buying year, with plenty of opportunities to purchase as well as lower down payments, and interest rates most buyers will still find very palatable. With interest rates almost certainly to rise as the months tick by, now is the time to get off the fence and look into financing a new home purchase.”

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Kevin Blue
Loan Love
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