Stacie Hartman

The Mortgage Blog of Stacie Hartman

The Mortgage Market Forecast For 2011

Though mortgage rates are expected to rise this year, the increases will be gradual and are expected to keep rates near five percent, which is still historically low. According to Holden Lewis of Bankrate, economists had predicted a rise in rates by the third quarter of 2010, but at the end of the year rates were still hovering in the four percent range. The Mortgage Bankers Association expects total mortgage applications to fall this year, though they also expect purchase applications to increase and become a greater share of the mortgage market. Overall, financial experts and market observers suggest homeowners and prospective buyers apply for a mortgage based on their individual needs rather than trying to time the market. More here.

Advertisements

Filed under: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: