Mortgage Bankers Association August 2016 Rate Forecast

Real Estate Broker/Owner with Hawaii Dream Realty LLC RB-19372

Click Here to View the Mortgage Bankers Association August Rate Forecast

Mortgage Bankers Association August 2016 Rate Forecast The August 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage continues to provide great news for anyone in the real estate market as the forecast continues to drop from last month's forecast. With the end of Q3 for 2016 approaching, the 30-year fixed rate mortgage average fell another one-tenth of a point from last month's forecast. Even the approaching quarter average dropped. Overall, the forecast has pushed the 2016 calendar average rate three-tenths of a point below that of last year's average. But now the forecast also shows an even more aggressive upward trend in both the quarterly average rate and the annual average rate but for the time being the easing will continue to provide stimulus as we approach the end of the summer market.

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. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

So what do these rates mean if you are seeking a Veteran's Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Posted by

Aloha and Mahalo,

Theresa Harden
Principal Broker e-PRO, SFR, Realtor

Direct: (808) 223-0429
Office: (808) 735-2221
Toll Free (866) 800-7250
Windward Oahu (808) 234-5880

eFax: (866) 405-4274

Skype: theresa.harden
Oovoo: hawaii_realtor

EXIT Real Estate Associates
Waikiki Sales Office
2463 Kuhio Ave. C1
Honolulu, Hawaii 96815

Search for Oahu Real Estate For Sale

Oahu Property Management Services


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Mortgage / Finance
EXIT Relocation Network
Hawaii Real Estate Professionals
Tampa Bay Real Estate & Home Staging
Exit Peeps
Maui Lifestyle

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Theresa Harden

PB SFR e-Pro Realtor
Ask me a question...
Spam prevention

Additional Information