Should You Buy a Home in 2014?

home2013 was an up and down year for mortgage interest rates, though they remained relatively low. What can we anticipate for 2014 and will it be a good time to think about buying a home?

The Web site which offers prospective buyers advice on the ever-fluctuating mortgage rate market in a down-to-earth style, says yes. They prognosticate that 2014 will offer plenty of good opportunities to purchase with highly palatable interest rates available and possibilities for low down payments for qualified purchasers. They do offer the caveat that interest rates are likely to spike up throughout the year.

A forecast report from the Mortgage Bankers Association predicts that rates for a 30-year fixed rate mortgage will rise above 5 percent in the fourth quarter of 2014 and continue up from there to a potential ceiling of 5.3 percent by the end of 2015.

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Authored By Del Phillips – See the Full Story at LGBT Weekly

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