Thursday, January 16, 2014

Predictions for 2014: Mortgage Rates

Table from the National Association of Realtors.
Projected rates provided by lenders.

Mortgage rates have been really low. Most of us recognize that the lower interest rates won't last forever. Today's interest rate for a 15-year mortgage is around 3.7% to 4%. The interest rate for an FHA loan with fixed payments for 30 years is around 4.5%. Here are the predictions from government institutions like Fannie Mae & Freddie Mac, the mortgage banking community, and the National Association of Realtors.