Blog / 2015 / June

Interest Rate Update & Common Home Buyer Loan Mistakes

June 17th, 2015

2015 Interest Rate Update

A strong May 2015 jobs report fueled predictions that the Federal Reserve may raise interest rates in September or October, according to Washington MarketWatch. While unemployment ticked up slightly from 5.4 to 5.5 percent, this was attributed to more job-seekers entering the labor force in response to favorable hiring conditions.

Interest rates are now in the very low 4 percent range, up from the high 3 percent range very recently. The Mortgage Bankers Association predicted in May that we would see rates closer to 4.5 percent by the end of this year, …

Read More »

Posted in Uncategorized | No Comments »