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Mortgage Bankers Association September 2016 Rate Forecast
Click Here to View the Mortgage Bankers Association September Rate Forecast
Not much to say about the September 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage as it mirrors the August forecast. In August, the forecast was favorable for anyone in the real estate market as the forecast showed a rate drop from the July rate forecast. With the forecast for September, the forecast has gone flat. Discerning any trend from the September forecast would be premature as it is too early to tell if September is representative of a bottom in terms of mortgage rates. But the forecast does suggest that the average rate is going to increase with the last quarter of what is an election year. The aggressive upward average rate trend also remains in the September forecast in both the quarterly average rate and the annual average rate. We can speculate that for the time being the easing that occurred will continue to provide stimulus for the immediate near term.
Overall this forecast, like past forecasts, continues to support that the 30-year fixed rate mortgages are meandering upwards at a slow rate while the out year rate forecast seems to be becoming more aggressive. ... more
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