Las Vegas, NV, USA (October 14, 2014) — MortgageRatesFast.com, the leader in information on U.S. mortage rates, forecasts long term mortgage rates will remain under 5% on the fixed 30-year loan for at least another year. The forecast was issued after analysts reviewed minutes of the Federal Reserve’s recent meeting and conferred with a group of leading economists.
The economic news website forecasts mortgage rates on a regular basis to keep consumers up to date with the latest information on U.S. home loans. The 30 year fixed rate mortgage averaged 4.12% last week as U.S. Treasury rates declined amid economic jitters on Wall Street. The New York Stock Exchange has encountered some tough territory lately after reaching all-time record highs.
Global economic volatility triggered by the financial crisis has set a series of events into play, including lower than normal long term mortgage rates, according to analysts who predict interest rate flucuations. Mortgage analysts say that many banks are becoming more agressive making mortgages to consumers, especially first time home buyers, including BB&T, which offers the Community Homeownership Incentive Program (CHIP), with only a 3% down payment required for first time home buyers.
TD Bank also has the “Right Step mortgage,” which allows borrowers to put down as little as 5% to purchase a home and receive 2% of the down payment as a gift from family members.
Expert business journalists, including specialists in bonds, real estate and banking provide detailed reports and forecasts on Mortgage Rates Fast so consumers can better protect themselves in the world of finance, and get mortgage rates at their lowest available to consumers looking to refinance or shopping for a home mortgage. The website also regularly surveys consumers on a variety of issues related to money matters.
Media Contact
Company Name: MortgageRatesFast.com
Contact Person: Mike Colpitts
Email: Send Email
Phone: 702 688-3715
City: Las Vegas
State: NV
Country: United States
Website: http://www.mortgageratesfast.com
Source: www.abnewswire.com
