What’s With Mortgage Rates? Experts Offer Predictions For The Remainder of 2017

Once again, mortgage rates were stagnate this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.52 percent with an average 0.4 point. (Points are fees paid to. Freddie Mac economists have lowered their mortgage rate predictions for the remainder of 2016 and even into 2017.

Yet, it is not all a bed of roses for the trust has had a tough past year (its share price has gone nowhere) and longer term.

Rate Projections From The Pros. He doesn’t think the 30-year mortgage will exceed 4.5 percent by the close of 2017. randall yates, CEO of Dallas-headquartered The Lenders Network, agrees. "I believe rates will be around 4.50 percent for the 30-year fixed and in the high threes for 15-year fixed-rate loans," Yates says.

Mortgage Rate Forecast: Where the Market is Going in 2017 – Mortgage Rate Predictions for 2017. They will also be willing to pay more than the recommend 30% of their income towards their housing. The housing market continues to get stronger across the country, too. Areas of Florida, Colorado and Texas are showing tremendous growth.

The Mortgage Bankers Association (MBA), an industry group, recently increased its mortgage rate predictions and forecast for 2017. This was partly a response to the surge in mortgage rates that occurred during the last few weeks of 2016, and is shown in the chart below.

While still low by historic standards – the annual average rate on a 30-year mortgage in 1981 was 16.63%, according to Freddie Mac – most observers expect rates to keep climbing in 2017.

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Washington State Mortgage Rate Forecast Through 2018 At the start of this year, the average rate for 30-year fixed home loan was sitting at 4.20%. That’s based on the weekly market survey conducted by Freddie Mac, the government-sponsored corporation that buys and sells mortgage loans.

Mortgage rates are still on the lower end of the spectrum for 2017. That means that the opportunity is there for some borrowers to get a great deal on a purchase or refinance. To get the most accurate idea of what kind of rate we could offer, you should fill out our short form and get a personalized rate quote .

A slowdown in lending and housing turnover from higher mortgage rates and macro-prudential. "(Our) central forecast is for real consumption growth of 2.1% over the remainder of 2017/18, the weakest.