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Rose Sawyer
Associate Broker®
Rose Knows The Poconos
Will mortgage rates actually rise in 2014?
No one can be certain when predicting the future but mortgage rate analysts are expecting mortgage rates to climb in 2014. In their latest forecast, the Mortgage Bankers Association (MBA) predicts that the 30year fixed rate will reach 4.8 percent by the second quarter of 2014.
The MBA further estimates that the mortgage rate will reach 5 percent during the third quarter. This will mark the first time interest rates have hit 5 percent since 2010.
Wh...
