Barring a major announcement from the Federal Reserve next month, the Mortgage Bankers Association expects rates on 30-year fixed mortgages to average 4.4 percent in this year’s fourth quarter, rising to 4.7 percent in the first three months of 2011 and to 5.1 percent by the end of next year. MBA chief economist Jay Brinkmann expects a rebound in purchase originations next year, but the volume will still only roughly match last year’s level. Refinance activity, however, is expected to decline in the new year as mortgage rates begin an upward climb from current record lows. | Read More
Recent Posts
- DMTV Milkshake: kinder MODERN Founder Lora Appleton on the Secret To Designing for Kids
- Flote + Opus Give a Modern Edge to Group Seating
- Experience Life in London Colorfully via Shanghai
- Vipp Goes Outdoors With the New Open-Air Collection
- At the Crossroads: A Dire Yet Encouraging Climate Report From the United Nations
Archives
Categories
- Decor (2,023)
- Energy Saving Tips (15)
- Green Design (22)
- Greening Tips (1,107)
- Home Improvement (1,674)
- Home Remodeling (16)
- Home Security (10)
- Homeowners News (1,265)
- Homeowners News;Top Story (3)
- Housing and Mortgage Trends (713)
- Insurance (1)
- Maintenance and Repair (10)
- Safety (4)
- Smart Home Tech (1,161)
- Top Story (106)