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Mortgage Brokers - Rates Forecast For Spring 2014?
http://www.hawthornevillager.com/phpbb/viewtopic.php?f=3&t=55167
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Author:  stilldeciding [ Thu Jun 13, 2013 10:29 pm ]
Post subject:  Mortgage Brokers - Rates Forecast For Spring 2014?

What's your best guess all you mortgage brokers for what interest rates might be down the road in Spring of 2014? :)

Author:  Burrcold [ Fri Jun 14, 2013 5:23 pm ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

I would love to hear some educated guesses as well! I'm up for renewal at the beginning of next year.

Author:  stilldeciding [ Fri Jun 14, 2013 6:09 pm ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

Burrcold wrote:
I would love to hear some educated guesses as well! I'm up for renewal at the beginning of next year.


Now if I said I was renewing this month there would be a pack answering. :D

Author:  PaulMeredith [ Fri Jun 14, 2013 7:48 pm ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

It really is impossible to know for sure and any answer really isn't much more than a guess. That being said, given the state of the global economy, I would anticipate them to still be fairly low overall. Under 3.49% for a 5 year fixed. Although, anything can happen of course :)

Author:  fugee [ Mon Jun 17, 2013 9:46 am ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

I would also agree with Paul 100%, except on one small detail - they will go to 3.57% :wink:

Those who are suppose to be making "educated" guess in the last few years (leading bank economists) have been wrong more time than i can remember. Especially with regards to prime going up.

It makes sense for the rates to stay in the 3% range but we shall wait and see!

Author:  stilldeciding [ Mon Jun 17, 2013 10:28 am ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

I hope they stay pretty low. :) Used to be a builder's banker offered low capped rates for up to 18 mths. but now the rates for holds are not low at all. :?

Author:  fugee [ Mon Jun 17, 2013 10:40 am ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

the 18 months capped rates were always higher then the 30-60 day options. Best we have now is a 6 month hold at 3.25%

Author:  stilldeciding [ Mon Jun 17, 2013 10:48 am ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

fugee wrote:
the 18 months capped rates were always higher then the 30-60 day options. Best we have now is a 6 month hold at 3.25%


Our last brand new build was in 2003, at that time we were guaranteed a locked rate for at least 12 months of the going rate capped. Obviously it's changed since then. :?

Author:  munchito [ Mon Jun 17, 2013 1:58 pm ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

what is the best rate looking like now for a 5 year fixed with average pre-payment privelages?

Author:  fugee [ Mon Jun 17, 2013 2:15 pm ]
Post subject:  Re: Mortgage Brokers - Rates Forecast For Spring 2014?

it obviously depends on a few factors but on 30 day close, you can get 2.80% (high ratio) and 2.90% (conventional) and both with 15% pre-payments.

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