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Sun Pacific Mortgage & RE Blog

By: Forest Tardibuono

By Lynn Tardibuono | Mortgage Broker
or Lender in Santa Rosa, CA

Home Mortgage Rates: Where are They Headed?

If you’re wondering where home mortgage rates are headed the below blog from the KCM Crew gives good insight on what to expect over the next year. You can never really tell what will happen with the rates but I’d say this is a pretty good estimate.

If you’ve been trying to get a loan and don’t qualify due to a recent bankruptcy, poor credit or something like this you should check out Hard Money loans. If you are in this scenario you can still take advantage of the low rates and purchase your dream home. I’ve been a Hard Money lender for many years helping people all over Sonoma County. Find your local Hard Money lender who can help you by searching on google.

Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate - Your Northern CA Hard Money Lender since 1988. P.S. We love referrals!  
www.sunpacmortgage.comBRE license #01464899/NMLS #360993

Home Mortgage Rates: Where are They Headed?
Posted: 15 Jul 2014 04:00 AM PDT


Many of our readers ask us 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.” 

Freddie Mac

“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." 

National Association of Realtors

“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.” 

Fannie Mae

Projects the 30 year fixed mortgage rate to be 4.3% by the end of the year. 

Mortgage Bankers Association

Projects the 30 year fixed mortgage rate to be 4.7% by the end of the year.

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