SAN DIEGO, June 19, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that has become a trusted destination for current news and expert loan advice. The website strives to empower borrowers with first class knowledge, valuable resources and connections to the top rated industry professionals. The professionals at Loan Love are no strangers to the ongoing state of the mortgage world, and with the way mortgage interest rates trends in the last 30 days have been, Loan Love shares to loan borrowers their forecast on where mortgage interest rates are likely to go in their latest article.
This new article from Loan Love, titled "Mortgage Interest Rates Last 30 Days (Valuable Insights)" points out that changes in the trends of mortgage interest rates can be seen mainly in two different ways: short-term and long-term rates. As the article states: "When it comes to forecasting interest rates, the predictions have sounded like a broken record for the past year: short-term rates aren't expected to be affected by the Feds tightening things anytime soon and long-term rates are likely to see only a gradual increase.
Even mortgage interest rates last 30 days have been more of the same:
- Short-term rates continue to be impacted most by Federal Reserve policy
- Longer term rates are affected more by the global economy.
Forecasters are now predicting the Feds won't start tightening the belt till at least spring 2015."
All directions point to long-term rates slowly increasing due to improvement of the economy on a global scale. Although long-term mortgages are expected to increase to around 6 percent as 2015 comes to an end, Loan Love expects that the housing market won't be shaken to the ground. Loan Love elaborates more on the changes of interest rates with the following statement:
"Bond rate changes are primarily due to global turbulence and some weakening of the domestic economy. Treasury bond rates are typically considered the benchmark for other consumer interest rates.
Slower economic growth in China and unrest in the Ukraine are expected to continue impacting Treasury debt for the near term, pushing yields downward and dragging mortgage rates with them. Today's rates are still significantly higher than May 2013 when the 30-year rate dropped all the way down to 3.35 percent.
Continued low rates spell good news for homebuyers, and consequently continued strengthening of the housing market. But that doesn't mean potential buyers aren't still being impacted by stricter lending practices. Those with lower credit scores or other blemishes on their credit report are often still locked out from enjoying the benefits of today's low mortgage rates."
There are other influences from the economy that may affect mortgage interest rates, which the article discusses the possibility with the following: "The wildcard in interest rate predictions going forward is the chance of another recession. A recent survey of economists conducted by The Wall Street Journal put the risk at around 12 percent. Not a big chance perhaps, but certainly a factor to keep in the back of your mind if you are trying to do the difficult task of guessing where interest rates are headed—and how quickly."
To learn more on mortgage interest rates trends in the last 30 days, please visit LoanLove.com to view the complete article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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