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Mortgage Bankers Association April 2019 Forecast
Mortgage Bankers Association April 2019 Rate Forecast
With the first quarter of 2019 behinds us, we can take a look back at the 2018 forecasts and see that those historic forecasts were aggressive for 2019. We closed out quarter 4 of 2018 with the expected 4.8 percent average for the 30-year fixed rate mortgage however we did not sustained the 4.8 percent average through quarter 1 of 2019. Instead we closed out quarter 1 with of an average percentage rate  lower than originally forecasted. To that end, the 30-year fixed mortgage rate throughout 2019 is only forecasted to meander around 4.4 percent. Even the out year forecasted average rate does not reach 4.8 percent.
Looking back to the 2017 forecast predictions, the forecasted average quarterly rate was actually higher than the average quarterly rate we have today suggesting that the anticipated rate increases have remained suppressed but not by a significant margin. None-the-less, the rates are still forecast to meander upward slowly at least through 2019.  Expect fluctuations around 4.4 percent for the 30-year fixed rate mortgage as we progress through 2019. Keep in mind the forecast can change quickly but for now that change has stable mortgage rates for the near term.
Depending ... more

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