This one page PDF report is produced monthly by the Mortgage Bankers Association (MBA). The MBA is the national association representing the real estate finance industry. The report provides quarterly and annual historic data and long term projections for national home sales, interest rates, and mortgage originations. Understanding where mortgage rates have been and potentially where they are heading is useful information if you are considering purchasing a property or refinancing a property you already own.
The May 2011 Mortgage Bankers Association quarterly forecast product for the 30-year fixed rate mortgage has rates trending upward through 2012. The average forecasted rate for quarter ending June 2011 dropped fom previous forecast to 4.9 percent with rates for quarter ending 2011also down slightly to an average 5.5percent.
Click Here to Open the Mortgage Finance Forecast Report PDF (15 KB)
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