Mortgage Blog

1)Recent home buyers found it easier to get a mortgage than find a home. The first timers are being held back by a lack of inventory and student debt.

2)MBA(Mortgage Bankers Association) forecasted that the purchase volume will double in 2018 than 2017, while the refinance volume will decrease another 28% in 2018.

3)The industry still predicted that the interest rate will go higher.

4)For the Fed, it is expected that there is another rate hike in Dec 2017, three times in 2018, twice is 2019. The unloading of the treasury securities and MBS(Mortgage backed Securities) will put additional, modest upward pressure on the mortgage rates. MBA expted the 10-year note stay below 3% for 2018, and the 30 yr fixed interest rate stay below 5%.